July 23, 2020 / 5:54 AM / 17 days ago

CORRECTED-Builder Skanska's Q2 profit tumbles on pandemic uncertainty

(Corrects profit figure in second paragraph to “million” from “billion”)

STOCKHOLM, July 23 (Reuters) - Skanska posted on Thursday a steep fall in quarterly profit and said its project development businesses suffered from uncertainty due to the pandemic while its construction division was relatively resilient in many markets.

Operating profit at the Nordic region’s largest builder, and one of the biggest in the United States, was 845 million Swedish crowns ($95.5 million) against a year-ago 2.74 billion. ($1 = 8.8447 Swedish crowns) (Reporting by Anna Ringstrom; Editing by Jacqueline Wong)

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