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ALJ Releases 2010 Annual Revenue Results

^{Published on 2010-10-22 11:50:54 - Market Wire}
 

ASHLAND, Ky.--([ BUSINESS WIRE ])--For the 2010 fiscal year, which ended September 30, 2010, ALJ Regional Holdings Inc. (Pink Sheets: ALJJ) posted revenue of $112.8 million as compared to revenue of $110.1 million for the fiscal year ended September 30, 2009. For the quarter ended September 30, 2010, ALJ posted revenue of $32.4 million as compared to revenue of $24.3 million for the quarter ended September 30, 2009. Complete detailed results will be issued following completion of the annual audit near calendar year-end. ALJ is the parent company of KES Acquisition Company dba Kentucky Electric Steel, the owner and operator of a steel mini-mill near Ashland, Kentucky.

"The revenue improvement for the fiscal year was basically due to the strengthened demand of the last quarter. That demand led to both shipments and prices which were up about 15% over the same quarter last year."

According to John Scheel, ALJ's Chief Executive Officer, "The revenue improvement for the fiscal year was basically due to the strengthened demand of the last quarter. That demand led to both shipments and prices which were up about 15% over the same quarter last year."