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SNC-Lavalin announces 4Q and year-end results for 2010

SNC-Lavalin Group Inc., a large Canadian engineering firm, announced its results for the fourth quarter and the year ended December 31, 2010.

For the fourth quarter 2010, net income increased to $139.2 million ($0.91 per share on a diluted basis), compared to $98.7 million ($0.65 per share on a diluted basis) for the comparable quarter in 2009.

For the year ended December 31, 2010, net income increased by 21.6% to $437.0 million ($2.87 per share on a diluted basis), compared to $359.4 million ($2.36 per share on a diluted basis) for the same period in 2009.

Revenues for the fourth quarter of 2010 increased by 19.7% to $1.9 billion compared to $1.6 billion in the fourth quarter of 2009. Revenues for the year were $6.3 billion compared to $6.1 billion for the corresponding period in 2009.



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