Cathedral Energy Services (TSE:ACX) has released an update.
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ACT Energy Technologies reported record revenues of $148.4 million for Q3 2024, marking a 2% increase from the previous year. The company’s net income soared to $26.2 million, largely due to a substantial deferred income tax recovery. Additionally, ACT successfully reduced its loans and borrowings, focusing on generating free cash flow and acquiring common shares.
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