Posted AT 7:08 AM EST on 25/03/08
SNC backlog calculation 'aggressive'
Investors need to be wary of SNC-Lavalin Group Inc.'s reported backlog because the engineering giant calculates that number more aggressively than its peers, a report by Veritas Investment Research suggests.
SNC's calculation method is "amongst the most aggressive in the industry," and helped to inflate its fiscal 2007 backlog by $2.6-billion or 43 per cent, the report indicates.
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