Aecon Group Inc. (TSE:ARE) has released an update.
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Aecon Group Inc. reported a second quarter net loss of $123.9 million, a significant downturn from the previous year’s profit, amidst a challenging period marked by a global settlement for the Coastal GasLink Pipeline dispute and additional write-downs on legacy projects. Despite these setbacks, the company maintains a solid $6.2 billion backlog and is looking towards growth opportunities in energy transition and international markets.
For further insights into TSE:ARE stock, check out TipRanks’ Stock Analysis page.
