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Home » Finance » Innergex Renewable Energy Reports Q3 Profit Decline Despite Revenue Growth
Finance

Innergex Renewable Energy Reports Q3 Profit Decline Despite Revenue Growth

By Piers HarrettNovember 10, 20232 Mins Read
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Credit: Innergex
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Innergex Renewable Energy Inc witnessed a significant 79.1% year-on-year decline in its third-quarter net profit, settling at CAD 4.4 million (USD 3.2m/EUR 3m). The company, however, experienced a 9% increase in revenues, attributed to acquisitions, favorable pricing for certain US wind farms, heightened wind power production in Chile, and increased revenues from new power purchase

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