Algoma Central Corp
			Symbol			ALC
			Shares Issued			3,891,211
			Close 2009-11-04			C$ 72.00
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Algoma Central earns $20.62-million in Q3 2009

2009-11-04 15:20 ET - News Release

Mr. Greg Wight reports

ALGOMA CENTRAL CORPORATION - OPERATING RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2009 AND 2008

Algoma Central Corp. has released its results for the three months ended Sept. 30, 2009.

               (in thousand of dollars except per share data)

                                  Three months ended   Nine months ended
                                         Sept. 30,          Sept. 30,
                                      2009      2008      2009      2008

Revenue                          $ 151,454 $ 226,836 $ 353,088 $ 492,512
Net earnings                     $  20,620 $  18,523 $  15,676 $  24,448
Earnings per share               $    5.30 $    4.76 $    4.03 $    6.28
Dividends paid per common share  $    0.45 $    0.45 $    1.35 $    1.25

Third quarter results

The corporation is reporting net earnings for the three months ended Sept. 30, 2009, of $20.62-million compared with $18,523,000 for the same period in 2008.

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