Bering Straits Native Corp. recoups money
Published Saturday, September 6, 2008
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Stumble It!ANCHORAGE -- The Bering Straits Native Corp. has recouped the millions it lost prior to bankruptcy in 1989.
The Nome-based corporation says for the first time it generated more than $100 million in revenue in the fiscal year. That's a 49 percent gain over the previous year.
The company also earned a $6.9 million profit, or a 38 percent increase.
Bering Straits says the growth has to do with new contracts in commercial and government services and construction.
It was the company's fourth consecutive year of earning a profit, following four years of losses.
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