RE Royalties (TSE:RE) has released an update.
RE Royalties Ltd., a renewable energy financial company, has reported a significant decrease in revenue and income for Q2 2024 compared to the previous year, primarily due to a one-time royalty buyout that did not recur this year. The company experienced a 47% drop in quarterly revenue and a 76% decrease in quarterly EBITDA, resulting in a net loss after tax for the quarter.
For further insights into TSE:RE stock, check out TipRanks’ Stock Analysis page.