Close X
Saturday, November 16, 2024
ADVT 
National

BC Ferries Gets New Chief Financial Officer, Reports $6.1m Loss In Last Quarter

The Canadian Press, 13 Feb, 2015 03:29 PM
  • BC Ferries Gets New Chief Financial Officer, Reports $6.1m Loss In Last Quarter
VICTORIA — BC Ferries has announced the appointment of a new chief financial officer who most recently worked in Ontario's energy sector.
 
Ferries president Mike Corrigan says that starting in April, Dennis Dodo will also be responsible for government and regulatory affairs.
 
Current CFO, Robert Clark is deferring his retirement and will lead new programs including e-commerce and information technology upgrades, which Corrigan says are critical to the company's long-term success.
 
BC Ferries says it lost $6.1 million between last October and December, about half the loss it incurred for the same period a year earlier.
 
During the last quarter of 2014, BC Ferries provided 41,000 sailings compared to 45,000 during the same period in 2013 due to planned service cuts in some communities.
 
It says earnings were about $84 million for the last nine months of 2014, up from about $56 million compared to the same period a year earlier.

MORE National ARTICLES

Lower loonie boosts revenue for Canadian Christmas tree exporters

Lower loonie boosts revenue for Canadian Christmas tree exporters
TORONTO — The lower loonie will put more money in the pockets of Canadian Christmas tree exporters this year, just as the industry is preparing to ramp up production to meet an anticipated surge in demand from south of the border.

Lower loonie boosts revenue for Canadian Christmas tree exporters

BC Lottery Corp. Draws Flak For $25 Million In Voluntary-Retirement Payouts

BC Lottery Corp. Draws Flak For $25 Million In Voluntary-Retirement Payouts
VICTORIA — A failed voluntary-retirement program that cost British Columbia's Lottery Corporation $25 million is a "shining" example of why business-and-management improvements are needed at the Crown corporation, says Finance Minister Mike de Jong.

BC Lottery Corp. Draws Flak For $25 Million In Voluntary-Retirement Payouts

Palestinians tell Canada to back Geneva Conventions meeting on Israel

Palestinians tell Canada to back Geneva Conventions meeting on Israel
OTTAWA — The top Palestinian diplomat in Canada says the Harper government should not have boycotted a United Nations conference this week that harshly criticized Israeli settlements in the West Bank and east Jerusalem.

Palestinians tell Canada to back Geneva Conventions meeting on Israel

Police say exact cause of fire at seniors' home likely won't ever be known

Police say exact cause of fire at seniors' home likely won't ever be known
RIVIERE DU LOUP, Que. — The exact cause of the fire at a Quebec seniors' home last January that killed 32 people will likely never be known, a coroner's inquest into the tragedy heard Thursday.

Police say exact cause of fire at seniors' home likely won't ever be known

Rare White Kermode Bear Will Get New Kamloops, B.C., Home This Spring

Rare White Kermode Bear Will Get New Kamloops, B.C., Home This Spring
KAMLOOPS, B.C. — A rare, white kermode bear will have a new home in Kamloops, B.C., waiting when he wakes up from hibernation this spring.

Rare White Kermode Bear Will Get New Kamloops, B.C., Home This Spring

Richard Henry Bain denied bail in Quebec's 2012 election shooting

Richard Henry Bain denied bail in Quebec's 2012 election shooting
MONTREAL — The accused in Quebec's 2012 election shooting has been denied bail and it appears his murder trial scheduled for early next year may be delayed.

Richard Henry Bain denied bail in Quebec's 2012 election shooting