|
contents | business | |||||||||
| SNC-Lavalin announces 1Q results for 2008 Canadian engineering and construction firm SNC-Lavalin Group Inc. announced its results for the first quarter ended March 31, 2008. Net income was $70.8 million ($0.47 per share on a diluted basis) compared to a net loss of $19.8 million (loss of $0.13 per share on a diluted basis) for the first quarter 2007, which included an $84.1 million net gain after taxes on the sale of SNC Technologies. From continuing operations, net income was $70.8 million ($0.47 per share on a diluted basis) compared to a net loss from continuing operations of $103.9 million (loss of $0.69 per share on a diluted basis) for the first quarter 2007, which included a pre-tax operating loss of $179.0 million from the Power segment mainly due to the loss on the Goreway project. For the first quarter 2008, revenues increased to $1.8 billion, up 40% from the same period in 2007, reflecting increased activities mainly in Packages and Services. write your comments about the article :: © 2008 Construction News :: home page |