SNC-Lavalin posts $1.15B in Q1 earnings
by The Canadian Press
The engineering and construction firm also increased its quarterly dividend by a penny
MONTREAL—SNC-Lavalin Group Inc. says it earned $1.15 billion, up from $92.6 million a year ago, boosted by the sale of AltaLink.
The engineering and construction firm also increased its quarterly dividend by a penny to 25 cents per share.
The fourth-quarter results were boosted $1.32 billion from the sale of AltaLink as well as $16.6 million or 11 cents per share on the sale of other infrastructure investments.
Revenue for the quarter totalled $2.82 billion, up from $2.12 billion.
The results exclude charges related to restructuring as well as amortization of intangible assets and acquisition-related costs and integration costs in connection with the acquisition of U.S.-based oil and gas engineering firm Kentz in 2014.
