Altius Renewable Royalties Corp. (TSE:ARR) has released an update.
Altius Renewable Royalties Corp. has announced an encouraging 44% increase in annual royalty revenue to $10.4 million and a significant 89% rise in operating cash flows to $5.1 million for 2023. Despite these gains, the company reported a net loss of $1.1 million for the year. The fourth quarter showed consistent growth, with $2.6 million in royalty revenue and $1.5 million in operating cash flows.
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