Skip to main content
Canada’s most-awarded newsroom for a reason
Enjoy unlimited digital access
$1.99
per week
for 24 weeks
Canada’s most-awarded newsroom for a reason
$1.99
per week
for 24 weeks
// //

SNC Lavalin reported quarterly results Friday.

Ryan Remiorz/The Canadian Press

SNC-Lavalin Group Inc. SNC-T reported a profit attributable to shareholders of $73 million in its latest quarter compared with a loss of nearly $66-million in the same quarter last year.

Chief executive Ian Edwards says the company had a strong start to the year with a first quarter in line with expectations.

The engineering firm says its profit from continuing operations was $67.7-million or 39 cents per share for the quarter ended March 31 compared with a profit of $950,000 or a penny per share a year earlier.

Story continues below advertisement

SNC says the profit included $61-million or 35 cents per diluted share from professional services and project management compared with a profit of $21-million, or 12 cents per diluted share in the same quarter last year.

The company’s profit from continuing operations from its capital business was $6.7 million or four cents per diluted share in the first quarter of 2021 compared with a loss of $20 million, or 11 cents per diluted share in the first three months of 2020.

On an adjusted basis, SNC says its profit from its professional services and project management business was 48 cents per share, up from 35 cents per share a year ago.

Your Globe

Build your personal news feed

  1. Follow topics and authors relevant to your reading interests.
  2. Check your Following feed daily, and never miss an article. Access your Following feed from your account menu at the top right corner of every page.

Follow topics related to this article:

View more suggestions in Following Read more about following topics and authors
Report an error
Tickers mentioned in this story
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

UPDATED: Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies