Polaris Renewable Energy Inc.

Toronto Stock Exchange PIF.TO

Polaris Renewable Energy Inc. Net Income Margin for the year ending December 31, 2023: 14.96%

Polaris Renewable Energy Inc. Net Income Margin is 14.96% for the year ending December 31, 2023, a 274.66% change year over year. Net Income Ratio, also known as the profit margin, is the ratio of net income to net sales, showing the percentage of revenue that remains as profit after all expenses are deducted.

Polaris Renewable Energy Inc. Net Income Margin for the year ending December 31, 2022 was 3.99%, a 374.24% change year over year.
Polaris Renewable Energy Inc. Net Income Margin for the year ending December 31, 2021 was 0.84%, a -97.82% change year over year.
Polaris Renewable Energy Inc. Net Income Margin for the year ending December 31, 2020 was 38.60%, a 89.73% change year over year.
Polaris Renewable Energy Inc. Net Income Margin for the year ending December 31, 2019 was 20.34%, a 15.37% change year over year.

Key data

Date	Net Income Margin	EBITDA Margin	EBIT Margin	EBITDA

Toronto Stock Exchange: PIF.TO

Polaris Renewable Energy Inc.

CEO	Mr. Marc Murnaghan
IPO Date	Jan. 19, 2007
Location	Canada
Headquarters	7 St. Thomas Street
Employees	235
Sector	Utilities
Industries Renewables Geothermal Energy Hydro Energy

Description

Polaris Renewable Energy Inc. engages in the acquisition, development, and operation of renewable energy projects in Latin America. The company operates a 72 MW net geothermal facility in Nicaragua; and three run-of-river hydroelectric facilities in Peru with approximately 5 MW net, 8 MW net, and 20 MW net capacity. It also operates a solar project in the Dominican Republic with 32.6 MWdc. The company was formerly known as Polaris Infrastructure Inc. and changed its name to Polaris Renewable Energy Inc. in July 2022. Polaris Renewable Energy Inc. was incorporated in 1984 and is based in Toronto, Canada.

Key trends

Past 5 years