Synex’s Revenue Up, Losses Down in Green Energy Push

Synex Internt’l (TSE:SXI) has released an update.

Synex Renewable Energy Corporation reported increased revenues of $929,547 in Q3 2024, up from the previous year, alongside a reduction in net losses to $58,898, down from $213,803 in Q3 2023, largely due to lowered operational costs and higher electricity sales from its Mears, Cypress, and Barr Plants. The company has invested in developing investigative wind licenses and has seen a rise in unrestricted cash to $451,091, thanks to improved sales and a private placement. Synex continues to focus on renewable energy projects and owns multiple hydro and wind power sites across British Columbia.

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