The Financial Post reports in its Saturday edition that SNC-Lavalin Group on Friday posted 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. The unbylined item quotes chief executive officer Ian Edwards saying the company had a strong start to the year in line with expectations. "We are seeing a strong pipeline of new work across all of our core geographies, as governments continue investing in new projects," Mr. Edwards said in a statement. The Montreal-based company said 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. Mr. Edwards also announced targets to increase the representation of women throughout the company. SNC closed Friday at $32.17, up $4.43 on the Toronto Stock Exchange.
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