Close X
Sunday, September 22, 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

Montreal teen allegedly committed robbery to help terrorist group

Montreal teen allegedly committed robbery to help terrorist group
MONTREAL — A 15-year-old Montreal boy will return to court in mid-February to have a trial date set in connection with a pair of terrorism-related charges.

Montreal teen allegedly committed robbery to help terrorist group

Nova Scotia ruling that cleared RCMP in wrongful rape conviction goes to appeal

Nova Scotia ruling that cleared RCMP in wrongful rape conviction goes to appeal
HALIFAX — The lawyer for a man who was wrongfully convicted of statutory rape 45 years ago says a Nova Scotia Supreme Court judge should have found his client's confession was improperly obtained.

Nova Scotia ruling that cleared RCMP in wrongful rape conviction goes to appeal

Wrong department was put in place to lead Bluenose II restoration: audit

Wrong department was put in place to lead Bluenose II restoration: audit
HALIFAX — The delays and cost overruns plaguing the restoration of the Bluenose II are being blamed by auditors on Nova Scotia's decision to hand the job to a department with little experience managing construction projects.

Wrong department was put in place to lead Bluenose II restoration: audit

Winnipeg officials await further water tests after positive samples of E. coli

Winnipeg officials await further water tests after positive samples of E. coli
Winnipeggers remained under a boil-water advisory Wednesday as health officials continued to test the city's water for E. coli and coliform.

Winnipeg officials await further water tests after positive samples of E. coli

Oilsands giant Cenovus braces for a tough year with $700 million spending cut

Oilsands giant Cenovus braces for a tough year with $700 million spending cut
CALGARY — Oilsands giant Cenovus Energy Inc. (TSX:CVE) is bracing for a prolonged stretch of low oil prices, announcing Wednesday it's taking $700 million out of its 2015 budget, released just a month and a half ago.

Oilsands giant Cenovus braces for a tough year with $700 million spending cut

Actor in CTV sitcom charged with voyeurism after hidden cameras found in condo

Actor in CTV sitcom charged with voyeurism after hidden cameras found in condo
TORONTO — The CTV network says it was "shocked" to learn of the arrest of an actor who appeared on the network sitcom "Spun Out"

Actor in CTV sitcom charged with voyeurism after hidden cameras found in condo