Mattr (TSE:MATR) has released an update.
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Mattr Corp. saw a revenue of $254 million and a net income of $2.1 million in Q2 2024, with its Composite Technologies and Connection Technologies segments maintaining steady performance. The company launched production at new facilities, improved its financial structure by issuing new senior unsecured notes, and actively repurchased shares under a renewed NCIB program. Despite market and geopolitical challenges, Mattr expects full-year 2024 revenue to surpass that of 2023, with similar profitability.
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