Maxim Power Reports Strong Q1 Growth

Maxim Power (TSE:MXG) has released an update.

Maxim Power Corp. reported a substantial year-over-year increase in its first quarter financials for 2024, with a revenue of $35 million and a net income of $10 million, which is significantly higher compared to the previous year. The growth is attributed to the continued operations of Milner 2 power station, despite a drop in average realized power prices due to an unplanned outage. These results underscore the company’s resilience and capacity for growth in the face of operational challenges.

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