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Vertex Posts Record First-Quarter Revenue in 2024

Vertex Posts Record First-Quarter Revenue in 2024

Vertex Resource Group Ltd. (TSE:VTX) has released an update.

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Vertex Resource Group Ltd. celebrates a milestone with a record-breaking first quarter in 2024, boasting the highest net revenue in company history at $58.5 million, a 3% increase from the previous year. Despite facing challenges such as delayed projects and adverse weather conditions, the company’s Environmental Consulting sector saw a 19% revenue growth. However, the company also experienced a decline in free cash flow, down to $2.9 million from $4.5 million in the same quarter last year.

For further insights into TSE:VTX stock, check out TipRanks’ Stock Analysis page.

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