BQE Water (TSE:BQE) has released an update.
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BQE Water Inc. has shown continued growth in its revenue streams from both Chinese joint ventures and recurring operation revenues in Canada and the US for Q2 2024. Despite a year-over-year decrease in technical services for the first half of 2024, the company projects a recovery with new projects in Q3. Financially, BQE Water experienced slight decreases in gross margin, net income, and adjusted EBITDA compared to Q2 2023, but maintains a solid cash position and working capital.
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