Sealaska President and CEO Anthony Mallott provided a business presentation at the 2017 Annual Meeting in Hydaburg, Alaska.
Sealaska’s net income for 2016 is $14m, a $2m increase from 2015. Sealaska’s strategic focus on growing business income, contributed to net income improvements in 2016, despite a decrease in ANCSA Section 7(i) and investment income in 2016.
Highlights from the CEO Business Presentation
(0:56) Financial overview of Sealaska's revenue and net income since 2015
(2:12) Sealaska's strategy to connect Alaska Native values to Sealaska's businesses
(4:25) Steady growth in income, from losses in 2013, to profits of over $16 million in 2017. Income in 2017 covers the entire cost structure of Sealaska - 7(i) and investment income are available to increase shareholder benefits.
(6:28) Vision of Sealaska's future in the seafood industry, environmental services, and natural resource management.
(7:26) Wrap up of the business and financial presentation.