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Stantec Full-year Profit Soars

Technical services provider Stantec Inc. (STN) Thursday reported a significant rise in profit for the full year in the absence of a year-ago charge.

For the period, the company posted net income of C$120.9 million, up steeply from C$12.66 million last year. On a per share basis, earnings totaled C$2.64 versus C$0.28 last year. The prior-year's result included a C$90 million goodwill impairment charge.

Gross revenue for the period stood at C$1.882 billion, up 11.9 percent from C$1.683 billion last year.

Further, the company declared a a quarterly dividend of C$0.165 per share, payable on April 18, to shareholders of record on March 29.

by RTTNews Staff Writer

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