BQE Water (TSE:BQE) has released an update.
BQE Water Inc. has shown continued growth in its revenue streams from both Chinese joint ventures and recurring operation revenues in Canada and the US for Q2 2024. Despite a year-over-year decrease in technical services for the first half of 2024, the company projects a recovery with new projects in Q3. Financially, BQE Water experienced slight decreases in gross margin, net income, and adjusted EBITDA compared to Q2 2023, but maintains a solid cash position and working capital.
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