SNC-Lavalin is forecasting profits for its Candu Energy sector next year

SNC-Lavalin is forecasting profits for its Candu Energy sector next year: "SNC-Lavalin is forecasting operating profits for its Candu Energy sector next year, a month after completing the acquisition of the commercial division of the Atomic Energy of Canada.
“Despite the challenge we face, we are confident that Candu Energy is well-positioned for 2012 given the opportunities in this sector as well as the quality and professionalism of our new 1,400 personnel,” CEO Pierre Duhaime said Friday in a conference call.
The company took on more workers than originally forecast, in part, because it won a contract to upgrade Argentina’s 27-year-old Embalse generating station. The $440-million deal followed five years of discussions. The total refurbishment will cost more than US$1.3 billion and take some five years to complete. Additional projects are possible in Ontario and Quebec, along with new build construction opportunities in Romania, Jordan and Ontario." read more: http://www.canadianmanufacturing.com/design-engineering/news/snc-bullish-on-nuclear-division-46511