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.
- A bullet struck a Juneau school bus with two students aboard it Wednesday, according to a news release from Juneau Police Department.
- The cast and crew of the American Public Media program “A Prairie Home Companion” cruised to Alaska this summer.
- Skagway School went through a restructuring this year. An influx in students enabled the school to create single-grade classrooms in the elementary school, increase Spanish and music classes, and start an accelerated learning program. It also opened space for three new teachers.
- El Nino has transitioned to below normal sea surface temperatures in the mid-latitude Pacific. If that persists, then the condition known as La Nina, typically results in a colder than normal winter for Alaska.