TORONTO — Aecon Group Inc. says it had a strong second quarter, with higher revenue, profit and project backlogs compared with the same time last year.
The Toronto-based construction company had a $20.4-million net profit, worth 31 cents per diluted share for quarter ended June 30.
That’s up from a profit of $8.4 million, or 13 cents per diluted share, a year earlier and ahead of estimates.
Revenue was $867.3 million, up from $754.8 million and also ahead of estimates.
Reported backlog at June 30 was worth $6.76 billion, up from $6.44 billion a year earlier.
Analysts had estimated 22 cents per share of net income with about $770 million of revenue, according to financial markets data firm Refinitiv.
Companies in this story: (TSX:ARE)
The Canadian Press