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CNB reports 17% YTD net income, announces utility-services investment
Summary
Cherokee Nation Businesses reported January net income up about 17% year to date and announced an investment in a Houston-based electric distribution and substation construction company to diversify CNB’s portfolio; councilors asked about local transmission impacts.
Cherokee Nation Businesses reported stronger-than-expected January results and said it is expanding into utility services with an investment in a Houston-based electric distribution and substation construction firm.
Mr. Bloch, who delivered the financial overview to the Executive Finance Committee, said net income on a year-to-date basis is up about 17% compared with the approved budget and that expense management helped offset softness in some revenue…
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