Arctic Slope Regional Corp. reports $1B in revenues
For the second year in a row, Arctic Slope Regional Corp., an Alaska Native regional corporation, reported revenues in excess of $1 billion.

ASRC took in a record $1.7 billion in 2006 and saw profits of $206 million. That's up from $128 million profit on $1.6 billion in 2005 and it represents a major turnaround from 2004, when the corporation posted a loss.

The boost largely came from higher prices in crude oil. But ASRC's other businesses have been improving, chief executive Bobbi Quintavell said.

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ASRC hits $1 billion revenue 2nd time (The Anchorage Daily News 5/10)

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