RY 167.78 0.209% SHOP 136.85 -0.1168% TD 88.39 0.0566% ENB 64.32 -0.6334% BN 76.45 -0.2089% TRI 256.88 0.8797% CNQ 39.19 -2.1229% CP 103.44 -0.0869% CNR 137.95 -1.4502% BMO 135.26 0.3115% BNS 69.61 0.0% CSU 5054.0098 0.2259% CM 88.72 0.8182% MFC 43.49 -0.1836% ATD 71.21 -0.308% NGT 73.02 2.6427% TRP 69.92 -0.5971% SU 48.43 -2.6337% WCN 274.09 0.3331% L 227.33 1.0266%
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Canadian Utilities (TSX:CU) Reports FY24 Revenue Dip and Lower Earnings, Plans CAD 1.5Bn Investment for FY25 Growth
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Highlights
Canadian Utilities Ltd (TSX:CU) is a diversified global energy infrastructure company headquartered in Canada. It operates across three primary segments: Utilities, Energy Infrastructure, and Retail Energy.
In the financial year 2024 (FY24), Canadian Utilities reported a slight decline in revenue, totaling CAD 3,742 million, a decrease of 1.4% compared to CAD 3,796 million in FY23. Total expenses, on the other hand, rose by 8.6% YoY, reaching CAD 2,759 million, driven by higher salaries, wages, and benefits, as well as an increase in other operational expenses.
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