This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:SNC-Lavalin earns $103.1-million Q3 2009 2009-11-06 13:04 ET - News Release Mr. Denis Jasmin reports SNC-LAVALIN ANNOUNCES ITS RESULTS FOR THE THIRD QUARTER AND NINE-MONTH PERIODS ENDED SEPTEMBER 30, 2009 SNC-Lavalin Group Inc. has released its results for the third quarter and nine-month periods ended Sept. 30, 2009.
Highlights: -
Net income for the third quarter of 2009 increased to $103.1-million
(68 cents per share on a diluted basis), compared with $91.3-million
(60 cents per share on a diluted basis) for the third quarter of 2008.
- For the nine-month period ended Sept. 30, 2009, net income
increased by 9.7 per cent to $260.7-million ($1.72 per share on a diluted
basis), compared with $237.6-million ($1.56 per share on a diluted basis)
for the same period in 2008.
- Year-to-date revenues for the nine-month period ended Sept. 30,
2009, were lower, at $4.5-billion, compared with $5.2-billion for the
nine-month period ended Sept. 30, 2008, mainly due to a decrease in
packages activities.
- Total backlog for the four revenue categories: services, packages,
operations and maintenance and infrastructure concession investments,
remained solid at $10.2-billion at the end of September, 2009, compared
with $9.6-billion at the end of December, 2008.
- Financial position remained strong with cash and cash equivalents of
$1.2-billion at Sept. 30, 2009.
- The board of directors declared a cash dividend of 15 cents per share for
the third quarter of 2009.
The remainder is available to Stockwatch subscribers.
If you would like to give the Stockwatch system a try,
click here for a free 30 day trial subscription. |
Top
Print this Page