Foraco International (TSE:FAR) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Foraco International, a leading drilling services provider, reported a Q3 2024 revenue of US$77.7 million, marking a slight decline from the previous year’s record but showing growth in key markets like North America and Australia. The company achieved a net profit margin of 10%, driven by strong performances in core regions and strategic client relationships despite economic challenges.
For further insights into TSE:FAR stock, check out TipRanks’ Stock Analysis page.