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Southeast's regional Native corporation announced $35 million in losses during 2013 while directing blame at a pair of Hawaii projects that cost the company about $26 million.
Sealaska posts huge financial loss 052114 NEWS 1 Capital City Weekly Southeast's regional Native corporation announced $35 million in losses during 2013 while directing blame at a pair of Hawaii projects that cost the company about $26 million.
Wednesday, May 21, 2014

Story last updated at 5/21/2014 - 5:39 pm

Sealaska posts huge financial loss

Southeast's regional Native corporation announced $35 million in losses during 2013 while directing blame at a pair of Hawaii projects that cost the company about $26 million.

According to the company's financial documents, however, Sealaska's bottom line was boosted by payments from other Native corporations.

Without those payments, Sealaska would have lost $56.7 million.

As of December 31, the company had about $32.9 million in cash, another $47.3 million in short-term investments and access to $41.5 million in credit. The company's longer-term funds add up to about $127.8 million.


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