Polaris Infrastructure (TSE:PIF) has released an update.
Polaris Renewable Energy Inc. announces a slight decrease in energy production but an increase in revenue to $20.6 million for Q1 2024, due to higher energy prices and the contribution of their new solar plant in Panama. Despite inflation, the company maintained direct costs and declared a quarterly dividend of $0.15 per share, with a solid closing cash position of $45.6 million. The company also emphasizes the progression of its environmental, social, and governance initiatives.
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