Synex Renewable Energy Boosts Q2 Revenue and Expands Board with Strategic Appointment

Synex Internt’l ( (TSE:SXI) ) has shared an announcement.

Synex Renewable Energy Corporation reported a significant increase in revenue and net profit for the second quarter of fiscal year 2025, driven by enhanced electricity generation due to favorable weather conditions and a rate increase. The company is actively investing in wind licenses to support clean energy initiatives and has seen an improvement in cash position through collections and a short-term loan. Additionally, Synex appointed Majed Masad to its board of directors, anticipating that his extensive management experience will aid in achieving strategic goals and enhancing shareholder value.

More about Synex Internt’l

Synex Renewable Energy Corporation, based in Vancouver, British Columbia, is focused on the development, acquisition, ownership, and operation of renewable energy projects in Canada. The company holds interests in several hydro projects and a power utility, as well as numerous potential hydroelectric and wind development sites in British Columbia.

YTD Price Performance: -1.20%

Average Trading Volume: 1,269

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$8.21M

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