The engineering firm SNC-Lavalin was able to continue to improve its profitability in the second quarter thanks to the better performance of its main activities in consulting engineering and project management.
And this, as she begins the final stretch of her fitness strategy after a long episode of business and legal torment.
In its second quarter results released Thursday morning, SNC-Lavalin reported net income of $63.8 million, up considerably from the $1.6 million recorded in the corresponding quarter last year.
In terms of revenues, SNC-Lavalin announces them up to 2.13 billion for the quarter ended June 30, or 14% more than a year ago.
As a result, SNC-Lavalin’s revenue for the first half of its fiscal year 2023 is reported at $4.15 billion, up 10% year-on-year.
Cumulative net profit for the first six months of 2023 is announced at 92.2 million, also up sharply from the amount of 26.3 million recorded for the comparable period last year.
As for the state of its order book, which is an important indicator of medium-term business prospects, SNC-Lavalin recorded it at 12.37 billion as of June 30. This is a record high, according to company management, up 9% year-on-year.
