Close X
Saturday, September 21, 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

Bargain hunters find Target liquidation not all it's cracked up to be

Bargain hunters find Target liquidation not all it's cracked up to be
TORONTO — Bargain hunters who expected to unearth major deals at their local Target stores on Thursday, the first day of its liquidation sale, were sure to be disappointed once they got a look at the prices.

Bargain hunters find Target liquidation not all it's cracked up to be

China releases Canadian woman held over spying suspicions; husband still held

China releases Canadian woman held over spying suspicions; husband still held
BEIJING — China's Foreign Ministry says a Canadian woman detained with her husband on suspicion of stealing state secrets has been released on bail.

China releases Canadian woman held over spying suspicions; husband still held

Terror suspect calls Islam 'powerful weapon,' urges co-accused to blend in

Terror suspect calls Islam 'powerful weapon,' urges co-accused to blend in
TORONTO — One of two men accused of plotting to derail a passenger train travelling between Canada and the U.S. told his co-accused Islam is a "powerful weapon" which, in the right hands, "can bulldoze the whole world."

Terror suspect calls Islam 'powerful weapon,' urges co-accused to blend in

Federal workers could soon be decked out in 'ethical' duds: document

Federal workers could soon be decked out in 'ethical' duds: document
OTTAWA — Mounties, prison guards and park wardens could soon be sporting new duds made in an ethical way.

Federal workers could soon be decked out in 'ethical' duds: document

NATO command posts in eastern Europe a sign Russia should 'back off,' Nicholson

NATO command posts in eastern Europe a sign Russia should 'back off,' Nicholson
OTTAWA — Canada's defence minister says Russia should take NATO plans to establish a series of six command centres deep inside eastern Europe as a sign to "back off" in Ukraine.

NATO command posts in eastern Europe a sign Russia should 'back off,' Nicholson

High court to hear case on overseas terror tracking by Canadian spies

OTTAWA — The Supreme Court of Canada will delve into the legalities of overseas spying by the Canadian Security Intelligence Service.

High court to hear case on overseas terror tracking by Canadian spies