03-11-2018 14:42 via saultstar.com

Algoma's net income climbs

Algoma earned $1.339 billion in revenue in the first six months of the 2019 financial year.That’s up from $1.053 billion in the first half of the 2018 fiscal year.Seventy six per cent of revenue earned, or $1.017 billion, was the from sale of sheet and strip products. Plate sales stood at $210.3 million, or 16 per cent of total revenue, the company reports.Sales to customers in the United States stood at $785.6 million, or 59 per cent. Canadian customer sales totaled $510.8 million, or 38
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