Close X
Monday, November 18, 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

B.C. premiers says it's been a year of new relationships with former rivals

B.C. premiers says it's been a year of new relationships with former rivals
Premier Christy Clark says the past year has been one of surprises over new relationships she and her government formed with former political adversaries in British Columbia

B.C. premiers says it's been a year of new relationships with former rivals

Peterborough stands by no-touch policy for crossing guards despite protest

Peterborough stands by no-touch policy for crossing guards despite protest
PETERBOROUGH, Ont. — A city northeast of Toronto is standing by a policy that prevents crossing guards from giving or receiving high-fives from children despite complaints from some parents that the ban is "ridiculous."

Peterborough stands by no-touch policy for crossing guards despite protest

Quebec ending free and unlimited access to in vitro fertilization program

Quebec ending free and unlimited access to in vitro fertilization program
Quebec is putting an end to free and unlimited access to its in vitro fertilization program.

Quebec ending free and unlimited access to in vitro fertilization program

CFL commissioner Mark Cohon makes final Grey Cup state of the union address

CFL commissioner Mark Cohon makes final Grey Cup state of the union address

VANCOUVER — CFL commissioner Mark Cohon says his departure comes at a time of stability for...

CFL commissioner Mark Cohon makes final Grey Cup state of the union address

No simple solutions to revenue shortfall due to falling oil prices: Prentice

No simple solutions to revenue shortfall due to falling oil prices: Prentice
CALGARY — Alberta Premier Jim Prentice says there are no simple solutions for the revenue shortfall that will be coming due to plummeting oil prices.

No simple solutions to revenue shortfall due to falling oil prices: Prentice

Gas prices tumbling along with crude oil, but lower dollar is a headwind

Gas prices tumbling along with crude oil, but lower dollar is a headwind
CALGARY — With the price of crude plunging to its lowest level more than four and a half years, consumers are benefiting at the gas pump, but the savings are being dampened somewhat by a weaker dollar and other factors, according to an energy expert.

Gas prices tumbling along with crude oil, but lower dollar is a headwind