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Alaska Native corporation expects loss for 2004

Arctic Slope Regional Corp., an Alaska Native regional corporation, is expected to report a loss of more than $17 million for 2004.

ASRC attributes the loss to an administrative ruling affecting oil pipeline payments. The corporation would have seen an $18 million profit otherwise, an official said.

Despite the projected loss, the corporation generated $1.3 billion in revenue last year.

Get the Story:
ASRC expects loss for 2004 (The Anchorage Daily News 3/8)

Relevant Links:
Arctic Slope Regional Corporation -

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