Synex Energy Faces Revenue Dip Amidst Expansion Efforts

Synex Internt’l (TSE:SXI) has released an update.

Synex Renewable Energy Corporation reported a decrease in Q4 2024 revenue to $643,194 compared to the previous year, attributable to lower electricity sales due to reduced precipitation and cooler temperatures. The company also recorded a net loss of $482,192 and continues to invest in developing investigative wind licenses to support clean energy initiatives. Despite these challenges, Synex maintains a focus on renewable energy projects, with several hydro and wind power ventures in the pipeline.

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