Leadership Doesn’t Expect Demand to Improve This Year
(Mullen Group)
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Mullen Group experienced a slight increase in revenue year over year but a dip in earnings during the fourth quarter of 2024, the company reported Feb. 13.
The Okotoks, Alberta-based company posted net income of C$18.9 million, or 21 cents a diluted share, for the three months ending Dec. 31. That compared with C$29.4 million, or 32 cents, during the same time the previous year. Total revenue increased by 0.1% to C$499.1 million from C$498.6 million.
“Looking at our financial performance in the fourth quarter, in fact for the entire year, you might conclude that not much was happening at the Mullen Group last year,” said Murray Mullen, the company’s chairman and senior executive officer. “But that was not the case at all. It took a lot of hard work by everyone in our 40 business units and at the corporate office to mitigate the very challenging market conditions.” …
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