Bri-Chem (TSE:BRY) has released an update.
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Bri-Chem Corp., a leader in the North American oilfield chemical market, reported a 24% decrease in consolidated sales for Q2 2024 due to a downturn in U.S. drilling activities. The company also experienced a substantial decrease in gross margin and adjusted EBITDA, alongside an adjusted net loss per diluted share, reflecting a challenging quarter.
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