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SNC-Lavalin: orders up, earnings down

SNC Lavalin Group of Canada has reported a reduction in earnings of US$4.5M for the first six months of 1999. Net income for the period was US$20.3M, compared with US$23.1M for the same period last year. A backlog of US$2.7B for the end of the second quarter of 1999 (up from US$2B at the end of the first quarter) has been boosted by SNC-Lavalin’s share in the Chamera II hydro project in Himachal Pradesh, India.