Algoma Steel's Fourth Quarter Loss Widens to $364.7M From $66.5M Last Year
Algoma Steel faced $60.6 million in tariff costs and cut 1,005 union jobs while accelerating electric arc furnace use to reduce emissions and costs, officials said.
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Algoma Steel's fourth quarter loss widens to $364.7M from $66.5M last year
Algoma Steel Group Inc. reported a net loss of $364.7 million in the fourth quarter compared with a net loss of $66.5 million during the same period a year earlier. That amounted to a net loss per common share of $3.36 compared with a net loss of 61 cents in the prior year quarter. The Sault Ste. Ma...
Algoma Steel’s fourth quarter loss widens to $364.7M from $66.5M last year
SAULT STE. MARIE - Algoma Steel Group Inc. reported a net loss of $364.7 million in the fourth quarter compared with a net loss of $66.5 million during the same
Algoma Steel Group (TSE:ASTL) Announces Earnings Results
Algoma Steel Group (TSE:ASTL – Get Free Report) issued its earnings results on Wednesday. The company reported C($3.36) EPS for the quarter, FiscalAI reports. Algoma Steel Group had a negative net margin of 30.92% and a negative return on equity of 53.24%. The firm had revenue of C$455.00 million during the quarter. Algoma Steel Group […]
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