![ALLETE INC [ALE] posts $131.30M profit as revenue rises 10.68% to $1,570.70M](/_next/image?url=http%3A%2F%2F10kinfo-appdata.s3.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FALE.png&w=3840&q=75)
ALLETE INC [ALE] posts $131.30M profit as revenue rises 10.68% to $1,570.70M
By USInMinutes
Published - Feb 18, 2023, 06:42 AM ET
Last Updated - Feb 19, 2023, 08:47 AM EST
| EPS: | 3.38 | Net Sales: | $1,570.70M |
ALLETE INC [ALE] posted a profit of $131.30M, marking a fall of 4.72% for this year.
Revenue rose to $1,570.70M this year compared to $1,419.20M in the previous year.
The Minnesota(MN)-based company’s earnings per share came in at 3.38, compared to 3.23 in the last report.
According to the latest annual report the company has filed with the SEC, current earnings were $131.30M, down 4.72% from $137.80M.
The company’s net sales for the period were $1,570.70M, up 10.68%. Net sales in the previous year were $1,419.20M.
