Close X
Sunday, November 17, 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

Family of slain officer feeling 'pain, anger and despair' on eve of verdict

Family of slain officer feeling 'pain, anger and despair' on eve of verdict
CALGARY — Family members of a slain Alberta peace officer say they are feeling pain, anger and despair on the eve of a verdict in the trial of a man accused of killing him.

Family of slain officer feeling 'pain, anger and despair' on eve of verdict

Axworthy welcomes Kerry musing on U.S. joining Ottawa landmines treaty

Axworthy welcomes Kerry musing on U.S. joining Ottawa landmines treaty
OTTAWA — Former Liberal foreign minister Lloyd Axworthy says he's hopeful the United States will join the international treaty to ban landmines, which the Americans have snubbed since it was signed in Ottawa 17 years ago.

Axworthy welcomes Kerry musing on U.S. joining Ottawa landmines treaty

Critics question Harper's rationale for stalled oil and gas regs to curb GHGs

Critics question Harper's rationale for stalled oil and gas regs to curb GHGs
OTTAWA — Opposition critics and energy experts are questioning Prime Minister Stephen Harper's contention that Canada can't move to curb greenhouse gas emissions from the oil and gas sector without American alignment.

Critics question Harper's rationale for stalled oil and gas regs to curb GHGs

Supreme Court to rule on privacy rights for cellphone users arrested by police

Supreme Court to rule on privacy rights for cellphone users arrested by police
OTTAWA — The Supreme Court of Canada delivers a precedent-setting ruling Thursday that's expected to dictate how much warrantless access police can have to a person's cellphone.

Supreme Court to rule on privacy rights for cellphone users arrested by police

Conservative MP's bill would let caucuses decide which colleagues are in or out

Conservative MP's bill would let caucuses decide which colleagues are in or out
OTTAWA — A Conservative MP's bill rapidly making its way through the House of Commons could restrict leaders in the future from unilaterally suspending MPs — a point very relevant on Parliament Hill this year.

Conservative MP's bill would let caucuses decide which colleagues are in or out

TSX in correction territory with 343-point slide: 'It's a sell Canada mentality'

TSX in correction territory with 343-point slide: 'It's a sell Canada mentality'
TORONTO — The Toronto stock market hit correction territory Wednesday, losing almost 350 points in the worst one-day sell-off since June 2013 amid a further plunge in energy stocks.

TSX in correction territory with 343-point slide: 'It's a sell Canada mentality'