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HomeFinancial ResultsLoop Industries reduces losses

Loop Industries reduces losses

Canada’s Loop Industries has reduced its net loss for the year to $21.3 million, compared with $44.9m for the same period in 2022. The improved financial position is due primarily to a gain on disposition of land of $16.68m related to the company’s sale of land in Bécancour, Québec, decreased research and development expenses of…

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