Brief: Maxim Power Q1 FFO loss per share basic and diluted $0.01
11/05/2017 22:38
May 11 (Reuters) - Maxim Power Corp MXG.TO :
* Maxim Power Corp announces 2017 first quarter financial
and operating results
* Maxim power-on may 1 maxim provided notice to Alberta
electric system operator to temporarily suspend generation of
electricity at m1 effective July 28, 2017
* Qtrly revenue $16.2 million versus $15.1 million
* Maxim Power Corp - decision to temporarily suspend
operations at m1 was due to continued record low Alberta power
prices
* Maxim Power - laying up M1 operations will result in 75%
reduction of plant staff through a combination of layoffs &
severances for undetermined period
* Qtrly FFO loss per share basic and diluted $0.01
Source text for Eikon: ID:nCCNkxMVD
Further company coverage: MXG.TO
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