Net income sank from $50.15 million in the three months to the end of September last year to $25.76 million this time around.
Revenues, however, were up from $801.83 million to $859.72 million.
The cost of operating revenues rose from $648.36 million to $728.97 million, while income from continuing operations was chopped from $48.39 million to $25.76 million.
The global engineering and construction business unit saw lower scope for new orders in the quarter compared to expectations due to project delays.
Switzerland-based
