Skanska misses profit view as property market slump bites

© Reuters. FILE PHOTO: A Skanska worker is pictured at a construction site in the centre of Warsaw February 6, 2012. REUTERS/Kacper Pempel//File Photo

The one-off charges, which were not included in estimates, amounted to 0.9 billion crowns, the company said. Skanska said order bookings at its construction business, which accounts for the bulk of group revenue, fell 29% quarter-on-quarter adjusted for currency swings after it chalked up its best intake in more than a decade in the preceding quarter.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Samsung beats expectations on Q3 net profit, as chip business narrows lossesSouth Korean tech giant Samsung Electronics said its third-quarter net profit fell 38% on the year but more than tripled on the quarter to beat market...
Source: MarketWatch - 🏆 3. / 97 Read more »

Paycom’s stock plunges 25% as payroll company whiffs on earnings outlookCompany beats on earnings but misses on revenue with third-quarter results
Source: MarketWatch - 🏆 3. / 97 Read more »

How To Profit From Loopholes In The Efficient MarketI'm a reporter on Forbes' money team covering investing trends and Wall Street's difference-makers. I've reported on the world's billionaires for Forbes' wealth team and was previously an assistant editor covering money and markets.
Source: Forbes - 🏆 394. / 53 Read more »