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| Skanska posts loss Skanska AB, the Nordic region's biggest construction group, said Friday its revenue amounted to SEK 143.7 billion (138.8). In Construction, revenue rose by 8 percent adjusted for currency rate effects. Operating income for the group amounted to SEK 4,086 M (5,406). In the fourth quarter, Skanska made writedowns and provisions of SEK 1,266 M against earnings. Of these, SEK 649 M were related to project development operations, SEK 519 M to the cost of personnel cutbacks and SEK 98 M to additional warranty provisions in operations that are being discontinued. Profit for the year totaled SEK 3,157 M (4,121) and earnings per share amounted to SEK 7.44 (9.78). write your comments about the article :: © 2009 Construction News :: home page |