Algoma Central Corporation Reports Third Quarter and Nine Months Ended September 30, 2020
November 04, 2020 at 07:00 am EST
Algoma Central Corporation reported third quarter and nine months ended September 30, 2020. For the quarter, the company reported revenue of CAD 155,002,000 as compared to CAD 167,901,000 same period a year ago. Operating earnings was CAD 40,542,000 as compared to CAD 31,594,000 same period a year ago. Net Earnings was CAD 22,235,000 as compared to CAD 21,049,000 same period a year ago. Basic earnings per share was CAD 0.59 as compared to CAD 0.55 same period a year ago. Diluted earnings per share was CAD 0.55 as compared to CAD 0.52 same period a year ago.
For nine months, the company reported revenue of CAD 391,369,000 as compared to CAD 398,923,000 same period a year ago. Operating earnings was CAD 42,109,000 as compared to CAD 33,086,000 same period a year ago. Net Earnings was CAD 16,351,000 as compared to CAD 20,362,000 same period a year ago. Basic earnings per share was CAD 0.43 as compared to CAD 0.53 same period a year ago.