Algonquin Power (TSE:AQN) has released an update.
Algonquin Power & Utilities Corp. reported a net loss of $89,146 for the first quarter of 2024, a significant downturn from the net earnings of $270,139 in the same period in 2023. The company experienced a decrease in revenue across its regulated electricity, natural gas, and water reclamation and distribution sectors. These financial results reflect challenges such as increased operating expenses and a notable loss on foreign exchange.
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