Aecon Group Inc. (TSE:ARE) has released an update.
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Aecon Group Inc. has reported a full year revenue of $4.6 billion with a year-end backlog of $6.2 billion, alongside a dividend increase to 19 cents per share. Despite a slight 1% drop in revenue from the previous year, the company’s net profit soared to $161.9 million due to significant transactions and a strong focus on safety and execution. Aecon is positioning itself for growth in decarbonization, energy transition, and international markets, while managing challenges such as additional costs on certain fixed price legacy projects.
For further insights into TSE:ARE stock, check out TipRanks’ Stock Analysis page.
