TransAlta (TSE:TA) has released an update.
TransAlta Corporation reported a decrease in net earnings to $66 million in the second quarter of 2024, down from $97 million in the same quarter the previous year, with a noteworthy drop in revenues from $1.714 billion to $1.529 billion for the first half of the year. The company’s financial performance shows a decline in gross margin and an increase in operations, maintenance, and administration costs compared to the prior year’s figures. These financial results highlight the challenges faced by the energy sector and may influence investor decisions.
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