Cook Inlet Region Inc., an Alaska Native regional corporation, reported a drop in revenues and profits in 2003.

CIRI posted a $19.4 million profit on $83.3 million in revenues. This was down from 2002, when CIRI showed a $36.6 million in profit in $95 million in revenues and down from 2001, when a one-time stock windfall brought in a $432 million profit on revenues of $711 million.

Despite the drop, the corporation took in double what was expected. Executives are following a more conservative investment strategy.

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Profits at CIRI down for 2003 (The Anchorage Daily News 4/20)