Cargojet (TSE:CJT) has released an update.
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Cargojet Inc. reported a revenue increase to $230.8 million in Q2 2024 from $209.7 million in the same quarter the previous year, alongside a net loss of $25.0 million, which contrasts with a net gain in Q2 2023. Despite these mixed results, the company highlighted strong cash flow management, with a shift from a cash outflow to a modest inflow, and a continued commitment to growth and cost control in the face of global supply chain challenges.
For further insights into TSE:CJT stock, check out TipRanks’ Stock Analysis page.
