Arctic Slope Regional Corp., an Alaska Native regional corporation, reported record profits for the first six months of 2005.

ASRC reported $59 million in profit, the most money the corporation has made in six months. revenues of $757 million. ASRC had revenues of $757 million, up 40 percent.

The numbers represent a turnaround for ASRC. The once profitable company lost $17 million in 2004. In 2004, profits were $17 million but they fell to $5 million in profit in 2003.

Get the Story:
ASRC's fortunes rebound (The Anchorage Daily News 8/24)
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Relevant Links:
Arctic Slope Regional Corp - http://www.asrc.com

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