11:35 AM EST - SNC-Lavalin Group Inc. : announced today that its 2011 net income is expected to be approximately 18% (or approximately $80 million) below its previously announced 2011 outlook. Of this amount, the following items are expected to be recorded in the fourth quarter of 2011: A loss of approximately $23 million from a revised position of the Company's net financial exposure on its Libyan projects. SNC-Lavalin Group Inc.
shares T.SNC are trading down $11.09 at $37.28.
