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 Posté le: Lun Sep 30, 2013 4:41 pm Sujet du message: BC Ferries posts profit despite decreasing ridersh |
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{BC Ferries posts profit despite decreasing ridership}
BC FerriesBy Nelson BennettMon Jun 24,[url=http://www.moncler-sale.org]moncler down jackets[/url], 2013 11:10am PSTBC Ferries has managed to bail itself out of a deficit position with the posting of modest profit despite a decrease in passengers,[url=http://www.moncler-sale.org]moncler outlet[/url], according to the corporation’s annual financial report.For the fiscal period ending in March 2013,[url=http://www.moncler-sale.org]moncler sale[/url],[url=http://www.moncler-sale.org]moncler sale[/url], BC Ferries posted net earnings of $15.5 million. It incurred a $9 million loss in the previous fiscal year.“By navigating through challenging times with prudent fiscal stewardship we are pleased to return to a position of profitability,” said BC Ferries CEO Mike Corrigan.“BC Ferries has had a positive year, despite ridership being down. With an aggressive cost containment program,[url=http://www.moncler-sale.org]discount moncler jackets[/url], we’ve been able to post a modest profit.”The ferry company had $32.6 million increase in revenue,[url=http://www.moncler-sale.org]moncler outlet[/url], offset by an $8.6 million increase in operating expenses.Total revenue for the fiscal year was $786.4 million, compared with $753.8 million the previous year.The ferry company had a 1.1% decline over the previous year in vehicle traffic and 1.2% drop in passenger traffic in fiscal 2013.In three of the last five months of fiscal 2013, however,[url=http://www.moncler-sale.org]moncler on sale[/url], traffic was up compared with the same period in fiscal 2012.The company still has some way to go,[url=http://www.moncler-sale.org]discount moncler jackets[/url], however, before it can improve its negative credit rating. Standard & Poor’s has upgraded that rating from negative to stable.nbennett@biv.com@nbennett_bivTags: credit rating, earnings,[url=http://www.moncler-sale.org]moncler on sale[/url],[url=http://www.moncler-sale.org]moncler down jackets[/url], British Columbia Ferry Services Inc., waterway and maritime transport
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