May 4 Canada's SNC-Lavalin Group Inc on
Thursday reported a 26.5 percent decline in quarterly profit,
hurt in part by weak demand in its core engineering and
The company said net income attributable to shareholders
fell to C$89.7 million ($65.4 million), or 60 Canadian cents per
share, in the first quarter ended March 31, from C$122.1
million, or 81 Canadian cents per share, a year earlier.
The prior-year quarter included a gain of C$51.1 million on
capital investments disposals.
Montreal-based SNC's revenue fell 7 percent to C$1.85
($1 = 1.3722 Canadian dollars)
(Reporting by John Benny in Bengaluru; Editing by Sai Sachin