Algoma reports Q3 results

Algoma Central Corporation reported revenues for the three months ended September 30 of $173.4 million, compared with revenues of $184.2 million during the year-ago period. Net earnings of $29.9 million were reported, compared with net earnings of $35.0 million during the same period of 2011. For the nine months ended September 30, 2012, Algoma reported net earnings of $19.3 million, compared with $35.5 million for the nine months ended September 30, 2011. (more…)