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Atkinsrealis Group Inc T.ATRL

Alternate Symbol(s):  SNCAF

Atkinsrealis Group Inc., formerly SNC-Lavalin Group Inc., is a professional services, and project management company. It delivers end-to-end services across the whole life cycle of an asset including consulting, and advisory and environmental services. Its segments include Engineering Services; Nuclear; O&M; Linxon; LSTK Projects, and Capital. The Engineering Services segment includes consultancy, engineering, design and project management services. The Nuclear segment supports clients across the entire nuclear lifecycle with the full spectrum of services from consultancy, EPCM services, field services, technology services, spare parts, reactor support and decommissioning and waste management. The O&M segment consists of providing operations, maintenance, and asset management solutions. The Linxon segment offers engineering, procurement, management, and construction services. The LSTK Projects is comprised of the remaining LSTK construction contracts of the Company.


TSX:ATRL - Post by User

Bullboard Posts
Post by smush74on Aug 04, 2016 12:53pm
268 Views
Post# 25110600

SNC-Lavalin posts better-than-expected profit

SNC-Lavalin posts better-than-expected profit

SNC-Lavalin Group Inc reported a better-than-expected quarterly profit, helped by strength in its core engineering and construction business and lower costs.

SNC is undertaking a sweeping cost-cutting program expected to help lower 2016 expenses by about $100-million and boost margins in its core business as clients cut spending due to low commodity prices.

The company said on Thursday total selling, general and administrative expenses decreased by 10.1 per cent in the second quarter, from a year earlier.

SNC’s adjusted earnings for the quarter was 48 cents per share, above the average analyst estimate of 36 cents, according to Thomson Reuters I/B/E/S.

Net income attributable to the company’s shareholders jumped more than three-fold to $88.5-million, or 59 cents per share, in the quarter ended June 30.

The engineering and construction business accounted for nearly 60 per cent of the company’s net income.

The Montreal-based company’s revenue fell 6.6 per cent to $2.11-billion.

https://www.theglobeandmail.com/report-on-business/snc-lavalin-posts-better-than-expected-profit/article31270518/

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