RE Royalties Reports Substantial Q2 Financial Decline

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.

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