BCBusiness

66 To p t o b o t t o m : G C T Gl o b al Te r m i n al s ; C h i n a G o l d I n t e r n a t i o n al R e s o u r c e s C o r p . B C B U S I N E S S . C A J U LY/A U G U S T 2 0 24 like Atlanta, Las Vegas and Miami, as the company's net revenue in the U.S. grew to $1.1 billion, a 66-percent increase from last year. The country now accounts for more than half of Aritzia's total net revenue. E-commerce revenue also grew for the brand, hitting $770 million and increasing 36 percent year-over-year. It appears that the company's push on accessible luxury is staving off the poor economic conditions. CALIBRE MINING CORP. Revenue change: 44.5% Net income: $114.7 million Net income change: 103.5% It was a record year of production for Van- couver-based, Americas-focused Calibre, which opened two mines and saw partic- ularly good results at its Limon mine and mill in western Nicaragua. With its recent purchase of Marathon Gold and that com- pany's Valentine gold mining project in Newfoundland and Labrador, Calibre is poised to keep shining. TEEKAY TANKERS Revenue change: 36.2% Net income: $693.3 million Net income change: 132.6% Vancouver-based crude oil marine trans- portation service provider Teekay saw great growth in its tankers division, to the tune of the highest annual adjusted net income in the company's 50-year history. With high oil demand and low fleet growth expected, ana- lysts like Teekay's odds of sustaining strong spot rates in the midsize tanker market. WELL HEALTH TECHNOLOGIES CORP. Revenue change: 36.1% Net income: $16.6 million Net income change: -10.9% Vancouver-based digital health-care com- pany Well's growth was spurred by the pandemic, but things haven't slowed down much since. Well posted record revenues this year, something the company attri- butes to a combination of acquisitions (like scooping up many of Ontario-based Heal- well AI's primary care clinics) and organic growth. Patient visits grew 22 percent in 2023 and Well projects growth in 2024. LOSERS CHINA GOLD INTERNATIONAL RESOURCES CORP. Revenue change: -56.9% Net income: -$31 million Net income change: NA On March 27, 2023, an overflow occurred at the Guolanggou Tailings Dam of China Gold's Jiama Mine. Production was sus- pended until December, when it only par- tially resumed. As a result, the company obviously saw a huge revenue dip. Things have already picked up in 2024, as the Vancouver-based company's stock hit a five-year high in May. GCT GLOBAL TERMINALS Revenue change: -42.7% Net income: NP Net income change: NA Vancouver-based GCT is privately owned, but it's no secret that the company, and the shipping industry on the West Coast in gen- eral, has been affected by several issues, including global uncertainty and weaken- ing economic conditions. Western U.S. cit- ies like Los Angeles, Long Beach, Oakland and Seattle also shuttered or slowed during the year due to labour negotiations, push- ing cargo to eastern and gulf ports. WEST FRASER TIMBER CO. Revenue change: -30.1% Net income: -$225.4 million Net income change: NA It probably says more about just what a titan of the forestry industry West Fraser is in this province that it could be down 30 percent in revenue and still rank in the top 10. In what's going to become a trend through the rest of this winners and losers list, slowing markets brutalized the B.C. forest industry, which had seen a huge last MARKET PRICE GCT Global Terminals was a victim of global uncertainty and stringent economic conditions that have embattled the shipping industry on the West Coast, while China Gold International Resources Corp. was hamstrung by an overflow event at the company's Jiama Mine

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