Argan rises on higher Q4 revenue, core profit

Argan

11/04/2024 21:34

** Shares of engineering services firm Argan  AGX.N  up 5.4%
at $52 in extended trading
    ** Company reports consolidated Q4 revenue of $164.6 mln,
compared with $118.8 mln a year ago, driven by an increase in
revenue at several of its projects
    ** AGX posts EBITDA (core profit) for the quarter ended Jan.
31 at $17.6 mln vs $11.2 mln a year earlier
    ** "Demand for reliable energy resources is only
increasing," says CEO David Watson
    ** As of last close, stock up 5.4% YTD

 (Reporting by Granth Vanaik in Bengaluru)
 ((Granth.Vanaik@thomsonreuters.com; Twitter: https://twitter.com/Vanaik_Granth;))