August 1, 2019 / 11:23 AM / 25 days ago

SNC-Lavalin reports quarterly loss on C$1.7 bln charge

Aug 1 (Reuters) - SNC-Lavalin Group Inc on Thursday reported a quarterly loss, as the struggling Canadian construction and engineering firm was hit by a C$1.7 billion goodwill impairment charge related to its resources unit.

The Montreal-based company reported a loss attributable to shareholders of C$2.12 billion ($1.60 billion), or C$12.07 per share, for the quarter ended June 30, compared to a profit of C$83.01 million, or 47 Canadian cents per share, a year earlier.

Revenue fell to C$2.28 billion from C$2.53 billion. ($1 = C$1.32) (Reporting by Shanti S Nair in Bengaluru; Editing by Maju Samuel)

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