Most profitable companies earning less, growing more slowly

By Albert Van Santvoort
Business in Vancouver
November 14, 2017
Category: Business & Politics
Region: Canada, Canada West

B.C.’s 100 most profitable companies are earning less and growing slower than they did five years ago. They earned an average net income of $102.8 million in 2016. That’s 23% less than the 100 most profitable companies earned in 2012, according to Business in Vancouver’s Top 100 Most Profitable Companies list.  The top 100 also reported a significantly slower one-year earnings growth rate in 2016 than they did five years earlier.  Their average net income in 2016 versus 2015 grew 223.7% compared with 379.5% in 2012 versus 2011. Forestry industry companies moved up the most in list rankings over the five-year period and include CanWel Building Materials Group Ltd. , Canfor Pulp Products Inc. and Canfor Corp..

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