NasdaqGM:ASTLMetals and Mining
Algoma Steel Group (NasdaqGM:ASTL) Losses Worsen Despite 19.8% Revenue Growth Forecast—Profitability Doubts Persist
Algoma Steel Group (NasdaqGM:ASTL) is forecast to deliver standout revenue growth, with projections calling for a 19.8% annual increase, well outpacing the US market’s expected 10.3% rate. However, the company remains unprofitable, with annual losses worsening by 58.9% over the past five years, and there is still no sign of improvement in net profit margin. These figures set the stage for a tension between bullish growth potential and persistently negative earnings that investors will have to...