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Energizing Earnings Rise for SNC-Lavalin
By Employment Crossing
Montreal-based SNC-Lavalin, a world leader in engineering and construction services, announced a significant increase in its second quarter earnings, which rose to $75.4 million, and attributes its strong results to the workers in the infrastructure and environment segment as well as the mining and metallurgy department.
Despite having lost several large highway construction projects to foreign competitors, the company is proud of its financial gain. At this time last year, the company’s profits were at $41.1 million. CEO Jacques Lamarre says that they do not expect to see an upside, but at the same time they do not expect any downsides either. Yesterday, SNC’s shares soared from $2.38 to $55.26 in Toronto trading.
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