$17,953,000.00 Interest Paid To Service Debt
British Columbia Ferry Services Inc. (BC Ferries) released its third quarter results for fiscal 2011/12. The company reported a net loss of $23.1 million for the three months ended December 31, 2011, compared to a net loss of $12.5 million in the same quarter last year. Net earnings for the nine-month period ended December 31, 2011 were $28.7 million, down from $42.8 million for the same period in the previous year. The loss in the third quarter of fiscal 2010/11 included a one-time gain of $9.3 million from the sale of the company’s former head office building.
BC Ferries’ full financial statements, including notes and Management’s Discussion and Analysis, are filed on SEDAR and will be available at www.sedar.com.
Hmmm so BCFerries, why are you losing so much money?
ReplyDeleteWhy are they doing so poorly? They've priced themselves out of the market which no one else can be a part of.
ReplyDeleteThey could charge more reasonable fares but they choose to continually increase. What's the point in charging $45 per car if the most you get is 100 cars? Why not charge $35 and see if you get 200 cars?
Thanks for sharing. We are one of the leading Garages in Farnbourough that provide specialty services with Vauxhall and ensure that the vehicle is well maintained and repaired.
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