Sucro Limited (TSE:SUG) has released an update.
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Sucro Limited reported a solid year with $496.8 million in revenue and a net income of $20 million, despite a Q4 net loss of $10.4 million. The company saw a significant year-over-year increase in Adjusted EBITDA by 48%, thanks to the successful full-year operation of its US-based Lackawanna refinery. Looking ahead, Sucro plans to continue its production growth and execute refinery expansion plans in 2024.
For further insights into TSE:SUG stock, check out TipRanks’ Stock Analysis page.
