Sealaska is making more money.
Southeast Alaska’s regional Native corporation says it brought in almost $312 million during 2012.
That’s close to 20 percent more than the previous year — and the largest amount from the past five years.
The numbers are for total income, also called gross revenues.
Sealaska’s profits, or net revenue, are $11.3 million for 2012.
That’s 40 percent more than 2011. But it’s lower than the previous two years.
The numbers are in Sealaska’s 2012 annual report, which was released Friday. The Juneau-based corporation has about 21,000 shareholders. Corporate officials were not immediately available for comment.
More than half Sealaska’s 2012 gross revenues were in the service sector, including environmental contracting and security.
About a quarter came from manufacturing, mainly plastics factories in the Lower 48 and Mexico.
A little less than a fifth of the overall earnings came from natural resources, including timber and gravel operations. The rest was from investments.
The manufacturing, service and investments had higher profits than the previous year. But natural resource profits dropped. We’ll take a closer look at some of those business sectors in a future report.
- Mayor Ken Koelsch, Debbie White and Mary Becker opposed it. Deputy Mayor Jerry Nankervis was on a scratchy phone connection and did not respond to the roll call to vote.
- The proposal for a 130-unit high-rise apartment building to be built over a downtown city parking lot has alarmed some community members. But city officials say there is no final plan and closure of the deal is still months away.
- “Things have to have an endpoint to it, or they have to have something that keeps directing you, telling you that you’re in the right area,” said troopers spokeswoman Megan Peters.
- The Department of the Interior announced today that 29 local Alaska governments would receive $29.7 million in Payment in Lieu of Taxes funds, or PILT.