SNC-Lavalin

SNC-Lavalin: The Montreal-based company said net income attributable to shareholders equalled 21 cents per share for the three months ended June 30, compared to a 25 cents per share or $37.7 million loss a year earlier. , according to Canadian Broadcasting Corporation, CBC. Excluding one-time items, adjusted earnings equalled 38 cents per share, well short of the 63 cents per share forecast by analysts. Engineering consulting and construction firm SNC-Lavalin continued to face challenges in the second quarter, missing expectations despite swinging to a $32.1 million profit on a 12.7-per-cent drop in revenues. The results included $25.9 million of expenses related to the proposed $2.1-billion acquisition of U.K.-based Kentz Corp. Ltd. a global engineering firm that provides services to the oil and gas sector, announced in June. SNC-Lavalin agrees to 10-year ban from World Bank projects Quebec court sides with SNC-Lavalin against securities regulator (news.financializer.com). As reported in the news.