Quarterly Reports 2013
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Q2 - 2013 Financial Highlights
| Q2 2013 | Q2 2012 | $ change | % change | |
|---|---|---|---|---|
| Revenues | 1,943 | 1,906 | 37 | 2% |
| Gross margin | 232 | 281 | -49 | -17% |
| Net income attributable to SNC-Lavalin's shareholders | -38 | 32 | -70 | n/a |
| Basic earnings per share ($) | -0.25 | 0.21 | -0.46 | n/a |
| Diluted earnings per share ($) | -0.25 | 0.21 | -0.46 | n/a |
(in millions of CA$, except per share amounts)
- Revenues for the second quarter of 2013 were in line with the second quarter of 2012.
- Net loss attributable to SNC-Lavalin shareholders for the second quarter of 2013 of $37.7 million (-$0.25 per share on a diluted basis), compared to a net income of $31.7 million ($0.21 per share on a diluted basis) for the second quarter of 2012.
- Revenues for the six-month period ended June 30, 2013, increased by 4.0% to $3.8 billion, compared to $3.7 billion for the same period in 2012.
- Net income attributable to SNC-Lavalin shareholders for the six-month period ended June 30, 2013 of $15.9 million ($0.11 per share on a diluted basis), compared to $98.0 million ($0.65 per share on a diluted basis) for the same period of 2012.
- Net loss excluding Infrastructure Concession Investments of $86.1 million for the six-month period ended June 30, 2013, compared to a net income of $42.4 million for the corresponding period in 2012. SNC-Lavalin's net income from Infrastructure Concession Investments was $102.0 million for the six-month period ended June 30, 2013, compared to $55.6 million for the same period of 2012.
- Revenue backlog totalled $9.7 billion at the end of June 2013, compared to $10.1 billion at the end of December 2012.
- The Board of Directors declared a cash dividend of $0.23 per share for the second quarter of 2013.
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