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Aecon Group Inc.’s second-quarter earnings fell 90 percent after the company took a $4.8-million loss on convertible debentures. Its revenue grew 11 percent.
CEO John Beck tells BNN the company has seen more projects come to fruition.
“We’ve seen a growth in the ability to deliver infrastructure with these mechanisms over the last few years, and it is growing. It’s growing right across Canada… It’s now almost the new way of doing business in the infrastructure development field.”
As for the company’s earnings, Beck says it’s “steady as she goes, it’s a little better every quarter” and sees very steady earnings growth over the foreseeable future. “We see not only short-term and medium-term prospects from the work that we already have on hand, but a very significant pipeline of work coming down all across Canada,” he says.