Canadian Utilities A (TSE:CU) has released an update.
Canadian Utilities Limited reported a decrease in adjusted earnings for the year 2023, with $596 million compared to $655 million in 2022, despite a modest increase in the fourth quarter. IFRS earnings, however, rose to $707 million in 2023, up from $632 million the previous year, reflecting a mix of operational performance and various non-operational financial adjustments. The company also highlighted significant regulatory decisions, legal victories, and progress in key infrastructure projects, including a major hydrogen facility development in South Australia.
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