BC Ferries' profit falls amid higher expenses

BC Ferries saw lower fiscal earnings, mostly due to higher labour and fuel costs.

The BC Ferry Authority-owned company posted net earnings of CAN 52.2m ($39.4m) for fiscal 2019 ended 31 March versus CAN 59.9m in net profit during fiscal 2018.

The company said it was the busiest year in its history in terms of vehicle traffic but its operating expenses went up to CAN 821m from CAN 784m due to higher labour, fuel and training costs.