Pason Systems (TSE:PSI) has released an update.
Pason Systems Inc. has announced a decrease in North American and International Drilling Revenues for the first quarter of 2024, alongside a significant increase in Solar and Energy Storage Revenue, leading to a total revenue growth of 7%. The company also declared an increased quarterly dividend despite a notable drop in net income. Additionally, the financial report highlights a substantial 59% decrease in cash and cash equivalents compared to the end of 2023.
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