TransAlta Corp (TSE:TA) has released an update.
TransAlta Corp reported a decrease in net earnings to $238 million for the first quarter of 2024, down from $334 million in the same period last year, with earnings per share dropping from $1.10 to $0.72. The company’s revenues also fell to $947 million from $1,089 million year-over-year. Despite the lower earnings and revenue, the company experienced a mix of gains and losses in comprehensive income, including gains from cash flow hedges and translation of foreign operations, offset by losses on financial instruments.
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