MONTREAL (CP) -- Quarterly earnings per share rose to 60 cents from 41 cents, with the increase attributed mainly to SNC's mining and metallurgy segment and its infrastructure and environment operations.
SNC said Friday its backlog stood at $9.7 billion at the end of September, compared with $9.8 billion a year ago, and it held $798 million in cash and equivalents.
Revenue rose in three of the company's four segments, but declined 25% to $791.4 million in its business of providing engineering and construction packages to industrial clients.
Services revenue was up 27% to $548.7 million, while operations and maintenance revenue rose 13% to $249.6 million, and SNC booked a 13% revenue increase to $95.7 million from its infrastructure concession investments. These include the 407 toll highway north of Toronto which contributed net income of $10.1 million, up from $5.8 million a year ago.
"The current global financial crisis brings uncertainties to our business," commented CEO Jacques Lamarre.
"Given the many different sectors and countries we are working in, our flexibility, our backlog and our prospect list, we remain positive about upcoming quarters."
(c) The Canadian Press