The value of shares in energy infrastructure company Chicago Bridge & Iron (CBI) fell to an eight-year low after it reported a huge drop in profits this week.
Revenues at CBI’s engineering and construction operating group amounted to $702.2 million in Q2 2017 compared with $1.5 billion for the same quarter last year.
The decline resulted from the winding down of a large cost-reimbursable LNG project in the Asia Pacific region and from lower revenue on two US LNG developments.
Cost increases were attributed to two gas turbine...
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