SNC Lavalin’s first half hit by charges

Helen Wright

05 August 2013

SNC-Lavalin building

Troubled Canadian contractor SNC Lavalin says it is seeking extra sources of liquidity after penalty charges in Algeria and confusion over a payment in Libya dragged on its first half results.

For the six-months to the end of June, net profit stood at CA$ 15.9 million (US$ 15.3…
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