ASHLAND, Ky.--(BUSINESS WIRE)--For the 2011 fiscal year, which ended September 30, 2011, ALJ Regional Holdings Inc. (Pink Sheets: ALJJ) posted revenue of $162.1 million as compared to revenue of $112.8 million for the fiscal year ended September 30, 2010. For the quarter ended September, 2011, ALJ posted revenue of $45.9 million as compared to revenue of $32.4 million for the quarter ended September 30, 2010. Complete detailed results will be issued following completion of the annual audit near calendar year-end. 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.
According to John Scheel, ALJ's Chief Executive Officer, "The revenue improvement for the fiscal year was the culmination of improved quarterly demand. Overall, shipments were up about 21% and selling prices were up about 18%."