Algoma Central First Quarter 2024 Earnings: CA$0.44 loss per share (vs CA$0.51 loss in 1Q 2023)

Algoma Central (TSE:ALC) First Quarter 2024 Results

Key Financial Results

• Revenue: CA$109.2m (down 2.1% from 1Q 2023).
• Net loss: CA$17.3m (loss narrowed by 12% from 1Q 2023).
• CA$0.44 loss per share (improved from CA$0.51 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Algoma Central Earnings Insights

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, while revenues in the Shipping industry in North America are expected to remain flat.

Performance of the market in Canada.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Algoma Central, and understanding these should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.