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Argan loses $29.8M in Q1, cites power plant construction woes

A Rockville firm that serves the power industry reported a loss of $29.8 million in its first quarter, which ended April 30. Argan Inc. said in a news release that it was reporting the loss because of limited revenues and because its subsidiary Atlantic Projects Co. ran into problems completing a subcontract on a biomass-fired power plant ...

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