BCBusiness

July 2015 Top 100 Issue

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

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82 BCBusiness july 2015 Why, then, is B.C. doing well? The answer lies in the province's diversity, as a glance at this year's Top 100 com- panies shows. Selling everything from chickens to chicken wire, B.C.'s biggest companies peddle a wide enough vari- ety of products that when one sector is down, another two can pick up the slack. Total revenues for the Top 100 companies grew 6.5 per cent last year— compared to 5.4 per cent in 2013—reach- ing an aggregate $159.7 billion. Also up is the minimum revenues threshold to be considered a Top 100 company, which has climbed steadily since 2010 and now sits at $271.1 million. Perhaps surprisingly, this growth was driven in part by miners. While many commodity prices took a beat- ing—with giants Teck Resources and Silver Wheaton among the biggest losers in terms of revenues—newcomer Turquoise Hill Resources debuted on our list with $1.8 billion in rev- enues as production came on stream, showing that the sector still has legs. Similarly, a buoyant real estate sector saw Concert Properties return to the list as its revenues doubled, while insurer Travelers Financial Group saw 43.7 per cent growth. Among the list's be- hemoths, losses at resource-dependent companies such as Teck were more than made up for by ongoing growth at top-ranked Telus, with $12 billion in revenues, the Jim Pattison Group, at $8.4 billion, and BC Hydro, at $5.4 billion. Consolidation—driven by com- petition both here and abroad—has squeezed several mid-tier companies whIle many commodity prices took a beating, newCOmer TurquOISe hIll reSOurCeS debuTed On Our lIST wITh $1.8 billion in revenues aS prOduCTIOn Came On STream

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