Investing.com - Financial Markets Worldwide
🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

SNC Lavalin reports loss after C$1.2 bln charge, cuts dividend

Published 2019-02-22, 07:46 a/m
SNC Lavalin reports loss after C$1.2 bln charge, cuts dividend
ATRL
-

Feb 22 (Reuters) - Canadian construction and engineering firm SNC Lavalin SNC.TO reported a quarterly loss on Friday as it took a C$1.2 billion($908.5 million) charge related to its oil and gas business.

The company also lowered its quarterly dividend by 18.7 Canadian cents per share to 10 Canadian cents.

Net loss attributable to shareholders was C$1.6 billion or C$9.11 per share in the fourth quarter ended Dec. 31, compared with a profit of C$52.4 million or 30 Canadian cents per share a year earlier. ($1 = 1.3209 Canadian dollars)

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.