Financial update from N.L energy corp. reflects pandemic’s impact
The company released its financial statements for 2019 and the first
quarter of 2020 on Tuesday, and officials discussed the numbers in a
livestreamed presentation that detailed the impact of the global health
crisis on the company’s operations.
quarter of 2020 on Tuesday, and officials discussed the numbers in a
livestreamed presentation that detailed the impact of the global health
crisis on the company’s operations.
The loss in the first quarter was caused by lower profits from
electricity sales and a drop in oil prices due to the pandemic and other
global events, company officials said.