Tags » Corporate Reporting

Canada Post posts $200-million profit

OTTAWA — Canada Post Group returned to profitability last year as the national postal service both grew revenue and reduced expenses.

The group that includes Canada Post, Purolator and other businesses had a $198-million net profit, compared with a $29-million net loss in 2013. 255 more words

Cd

Twin Butte appoints new CEO; cuts executive salaries by 10%

Twin Butte Energy Ltd. has appointed a new chief executive officer — and in the same news release announced that senior management and directors will take a 10 per cent cut in salary and fees so they can share investors pain due to low oil prices. 562 more words

Energy

Power Financial raising dividend 6.4%, Q4 profit drops due to unusual items

Power Financial Corp. (TSX:PWF) is raising its dividend by 6.4 per cent with the May 1 payment, which will be 37.25 cents per share.

The increase was announced with fourth-quarter results that showed the Montreal-based company’s net income for last year’s fourth quarter fell to $506 million or 71 cents per share, down from $593 million or 84 cents per share in 2013. 31 more words

Montreal

Québecor’s total net loss in the fourth quarter was $59.5 million

Québecor Inc. (TSX:QBR.B) says its continuing media and telecom operations had $50.3 million of adjusted income in the fourth quarter, up 3.5 per cent from a year earlier. 187 more words

Local News

Canam sees less competition in Canada amid lower loonie, slowdown in the oilpatch

Structural steel fabricator Canam Group is facing less competition from foreign firms in Canada as the lower loonie, decreased energy activity and the U.S. economic recovery prompts U.S.  335 more words

Local News

Telus posts promising 4th-quarter results

Amid talk of churn rate, revenue and earnings per share, two words resonated in a Telus conference call with analysts about the company’s fourth-quarter results released Thursday. 746 more words

Digital Life

Sportscene to update its Cage aux Sports restaurants

Sportscene Group Inc. is upgrading its La Cage aux Sports restaurants to bring them in line with its newest Boucherville unit and improve their competitiveness and profitability, CEO Jean Bédard said Thursday. 130 more words

Business