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.
Click here to receive FREE breaking news email alerts for Stantec Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org