Cathedral Energy Services (TSE:ACX) has released an update.
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ACT Energy Technologies Ltd reports a record-breaking revenue of $130.3 million for 2024 Q2, marking the highest second-quarter revenue in the company’s history with a 7% increase year-over-year. Despite this, the company saw a slight decrease in Adjusted EBITDAS and a free cash flow deficit, while net income doubled and operating cash flow surged. The company also notes significant operational achievements in Canada and strategic focus on reducing rental costs in the U.S.
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