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/C O R R E C T I O N from Source - ALGOMA CENTRAL CORPORATION/
Apr. 29, 2011 (Canada NewsWire Group) -- In c8043 transmitted at 12:00e today, an error occur...
About this update from Algoma Central Corporation
[{"type":"text","content":"\n\n\n Apr. 29, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nIn c8043 transmitted at 12:00e today, an error occurred at the end of\n the last paragraph which should read "....on May 18, 2011" and not\n ".... on June 18, 2011". Corrected copy follows:\n\n\nALGOMA CENTRAL CORPORATION - Operating Results For the Three Months\n Ended March 31, 2011 \n\n\nALC-T\n\n\nTORONTO, April 29 /CNW/ -\n\n\n(Reported under International Financial Reporting Standrds) \n(In thousand of dollars except per share data) \n\n\n\n\n\n\n\n \n\n\nThree Months Ended \nMarch 31\n\n\n\n\n \n\n\n2011 \n\n\n2010 \n\n\n\n\nRevenue\n\n\n$\n\n\n57,186\n\n\n$\n\n\n54,765\n\n\n\n\nNet loss\n\n\n$\n\n\n17,013\n\n\n$\n\n\n17,202\n\n\n\n\nLoss per common share\n\n\n$\n\n\n4.37\n\n\n$\n\n\n4.42\n\n\n\n\nDividends paid per common share\n\n\n$\n\n\n0.45\n\n\n$\n\n\n0.45\n\n\n\n\nThe Corporation is reporting a net loss for the three months ended March\n 31, 2011 of $17,013 compared to a net loss of $17,202 for the same\n period in 2010. The decrease in the net loss was due primarily to a\n reversal recorded in the 2011 first quarter of an impairment charge\n taken in prior years, partially offset by the adverse impact of a\n non-cash mark-to-market adjustment recognizing the fair value of\n certain foreign exchange forward contracts. The combined operating\n results of the business units were essentially the same for both the\n 2011 and 2010 three month periods ended March 31.\n\n\nThe D...