SNC-Lavalin Posts 52% Decline In Q4 Profit, Announces Resignation Of CEO

SNC-Lavalin Group Inc SNCAF reported a 52% drop in its fourth-quarter profit. SNC-Lavalin's quarterly net income attributable to shareholders fell to C$76.0 million, or 50 Canadian cents a share, down from C$158.7 million, or C$1.04 a share, in the year-earlier period. SNC-Lavalin also announced the resignation of its chief executive. SNC-Lavalin shares closed at $39.00 on Friday.