Algoma Central Corporation Reports Financial Results for the 2024 First Quarter

ST. CATHARINES, Ontario--(BUSINESS WIRE)-- #yourmarinecarrierofchoice--Algoma Central Corporation (TSX: ALC) ("Algoma", the "Company") today reported its results for the three months ended March 31, 2024. Algoma reported revenues of $109,214, a 2% decrease compared to the same period in 2023. Net loss for 2024 was $17,253 compared to a net loss of $19,640 for the same period in 2023. Prior year first quarter results included a $3,481 after-tax gain from the sale of two vessels in the Product Tankers segment. Excluding this