MONTREAL 鈥� SNC-Lavalin Group Inc. reported a profit attributable to shareholders of $73 million in its latest quarter compared with a loss of nearly $66 million in the same quarter last year.
Chief executive Ian Edwards says the company had a strong start to the year with a first quarter in line with expectations.
The engineering firm says its profit from continuing operations was $67.7 million or 39 cents per share for the quarter ended March 31 compared with a profit of $950,000 or a penny per share a year earlier.
SNC says the profit included $61 million or 35 cents per diluted share from professional services and project management compared with a profit of $21 million, or 12 cents per diluted share in the same quarter last year.
The company's profit from continuing operations from its capital business was $6.7 million or four cents per diluted share in the first quarter of 2021 compared with a loss of $20 million, or 11 cents per diluted share in the first three months of 2020. 聽
On an adjusted basis, SNC says its profit from its professional services and project management business was 48 cents per share, up from 35 cents per share a year ago.
This report by The Canadian Press was first published May 14, 2021.
Companies in this story: (TSX:SNC)
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