BCBusiness

July 2018 The Top 100

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.

Issue link: http://digital.canadawide.com/i/995348

Contents of this Issue

Navigation

Page 78 of 133

TOP: ISTOCK; TRANSLINK jULY/AUGUST 2018 BCBusiness 79 for a cool US$100 million the following May. That deal also allowed the studio to sell its stake in another American network, Epix, for US$400 million. Not a bad way to start a relationship. And although Lions Gate showed well at the Academy Awards, leading all studios with 26 nominations and eight wins, action thriller John Wick 2 became the biggest-selling electronic sell-through (downloaded via iTunes and other platforms) title in its history. openroad auto group Ltd. Revenue Change: 25.2% net InCome: na net InCome Change: na When you've gone as far as possible in one market, it's time to look elsewhere to keep the ball rolling. That's what happened for Vancouver-headquartered OpenRoad Auto Group, which runs 21 dealerships in Metro Vancouver oŒering 18 car brands. Although the company sells a variety of new and used autos, luxury models account for much of its revenue. With luxury sales up almost 10 percent in last year in B.C., where they make up one third of all vehicle purchases, according to Ontario-based DesRosiers Automotive Consultants, OpenRoad launched a stateside dealership in Bellevue, Washington,"to hawk Bentleys, Lamborghinis and Rolls- Royces. It's the company's –rst showroom outside the Lower Mainland. turquoise hill resources Ltd. Revenue Change: –23.4% net InCome: $144 million net InCome Change: 2% You may have noticed a recurring theme in the list of biggest revenue losers: gold producers. Although the precious metal had a strong 2017 overall, –nishing the year up almost 12 percent, at roughly US$1,300 an ounce, prices swung wildly. These ›yrations were mostly due to an uncertain geopolitical and economic climate, given events like strife with North Korea and the rise of cryptocurrencies as an alternative to bullion. Vancouver-based Turquoise Hill, which focuses on gold, copper and coal in the Asia-Paci–c, saw revenue fall again in 2017. In a bid to placate investors, the company insists that Mongolia's massive Oyu Tolgoi copper- gold-silver mine, in which it holds a 66-percent stake, is about seven years away from expected peak production and should start turning a big pro–t in 2021. south Coast British Columbia transportation authority (transLink) Revenue Change: –21.6% net InCome: $96.24 million net InCome Change: –85.6% TransLink headquarters was probably one of the only places in B.C. to lament the provincial government's announcement last August that it was eliminating tolls on the Port Mann and Golden Ears bridges. The transportation authority owns the Golden Ears Bridge, and even after the NDP announced a one-year deal to cover lost toll revenue, TransLink didn't make up the diŒerence. Although the agency reported record ridership in –scal 2017, there's another side of that coin—it took in less fuel tax revenue from the province. tHeRe ARe DRIveRS and then there are pas- sengers. OpenRoad and its luxury cars fared better than TransLink (below) in 2017

Articles in this issue

Archives of this issue

view archives of BCBusiness - July 2018 The Top 100