SNC-Lavalin has seen its profits drop in the third quarter amid lower revenues, prompting the Canadian oilfield services player to continue with its cost cutting plans. 

The Canadian player reported a net income in the quarter of C$43.3 million (US$32.3 million) compared to a net income of C$224.2 million in the same quarter last year.

The quarter, which included a net gain on a capital investment disposal of C$145.7