Algoma Steel Fiscal Q3 Loss Narrows, Revenue Declines; Keeps Dividend of $0.05 a Share

MT Newswires Live

13 Mar

Algoma Steel Inc. WTS-10.00%

Algoma Steel Group (ASTL) reported late Wednesday fiscal Q3 net loss of CA$0.61 ($0.42) per diluted share, narrower than the CA$0.78 loss per share a year earlier.

Revenue for the quarter ended Dec. 31 was CA$590.3 million, down from CA$615.4 million.

The company's board has approved an unchanged quarterly dividend of $0.05 per share, payable on April 10 to shareholders as of March 21, it said.

Analysts estimates were not available for comparison.

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