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Algoma Central Corporation Reports First Quarter Net Loss | Hellenic Shipping News Worldwide

Algoma Central Corporation reported its results for the three months ended March 31, 2022. Revenues increased 10% to $85,103, compared to $77,599 in 2021. The Company reported a 13% improvement in net loss and a 68% improvement in EBITDA(1). Due to the closing of the canal system and the winter weather conditions on the Great . ....

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Algoma Central Corporation Reports Record Quarterly Results | Hellenic Shipping News Worldwide

Algoma Central Corporation, a leading provider of marine transportation services, today announced its results for the three and nine months ended September 30, 2021. (All amounts reported below are in thousands of Canadian dollars, except for per share data and where the context dictates otherwise.) Third quarter 2021 business highlights include: Net earnings of $39,984 . ....

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Algoma Central Corporation Reports Operating Results for the 2021 First Quarter


Algoma Central Corporation Reports Operating Results for the 2021 First Quarter
Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced its results for the quarter ended March 31, 2021. (All amounts reported below are in thousands of Canadian dollars, except for per share data and where the context dictates otherwise.)
First quarter 2021 business highlights include:
• A net loss for the quarter of $22,416, which is a reduction of 5% compared to a loss of $23,626 reported for the prior year.
• Global Short Sea Shipping segment earnings of $1,444 compared to a loss of $2,187 in 2020. Freight rates and volumes continued to rebound significantly in the mini bulker sector, driving a major improvement in the results for the segment. ....

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