Revenues of Victory Clean Energy Inc's Suppliers, deteriorated by -5.84 % compared to the same quarter a year ago, from the previous quarter, sales fell by -5.93 %, while their net profit margin fell to 11.08 % year on year, compared to the previous quarter Victory Clean Energy Inc's Suppliers had a lower net margin at -5.93 %,
Victory Clean Energy Inc's Suppliers realized a deteriorated in sales by -5.84 % compared to the same quarter a year ago, from the previous quarter, sales fell by -5.93 %, while their net profit margin fell to 11.08 % year on year, compare to previous quarter VYEY's Suppliers had lower net margin at 11.08 %,
Victory Clean Energy Inc's Comment on Supply Chain
On January 1, 2024, the company completed the sale of Pro-Tech Hardbanding Services, Inc. to Flagstaff International, LLC. As part of the transaction, Flagstaff International, LLC committed to invest $4,000,000 in the company in exchange for preferred stock and the transfer of all equity interests held by the company in Pro-Tech Hardbanding Services, Inc. Pro-Tech Hardbanding Services, Inc. operates as a hardbanding service provider in Oklahoma, Texas, Kansas, Arkansas, Louisiana, and New Mexico. The company sources Green Hydrogen technology through its wholly owned subsidiary, H2 Energy Group Inc. (H2EG), which provides Green Hydrogen solutions.
Victory Clean Energy Inc's Comment on Supply Chain
On January 1, 2024, the company completed the sale of Pro-Tech Hardbanding Services, Inc. to Flagstaff International, LLC. As part of the transaction, Flagstaff International, LLC committed to invest $4,000,000 in the company in exchange for preferred stock and the transfer of all equity interests held by the company in Pro-Tech Hardbanding Services, Inc. Pro-Tech Hardbanding Services, Inc. operates as a hardbanding service provider in Oklahoma, Texas, Kansas, Arkansas, Louisiana, and New Mexico. The company sources Green Hydrogen technology through its wholly owned subsidiary, H2 Energy Group Inc. (H2EG), which provides Green Hydrogen solutions.
VYEY's Suppliers Net profit fell by
VYEY's Suppliers Net margin fell in Q2 to
-13.47 %
11.08 %
VYEY's Suppliers Net profit fell by -13.47 %
VYEY's Suppliers Net margin fell in Q2 to 11.08 %
Victory Clean Energy Inc's Suppliers Sales Growth
in Q2 2024 by Industry
Sources:
Victory Clean Energy Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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