ASHLAND, Ky.--([ BUSINESS WIRE ])--For the three months ended March 31, 2012, ALJ (Pink Sheets: ALJJ) posted revenue of $44.6 million as compared to revenue of $40.3 million for the three months ended March 31, 2011. For the six months ended March 31, 2012, ALJ posted revenue of $83.4 million as compared to revenue of $73.0 million for the six months ended March 31, 2011.
According to John Scheel, ALJ's Chief Executive Officer, "Revenue for the recently completed quarter was up about 10%, due in roughly equal measure to both shipments and prices being higher. Revenue for the first half of the 2012 fiscal year is up about 14% over the previous year for similar reasons. As has been our practice, we will release full financial results along with our quarterly earnings report in the middle of May." ALJ is the parent company of KES Acquisition Company dba Kentucky Electric Steel, the owner and operator of a steel mini-mill near Ashland, Kentucky.