Winnipeg Free Press Newspaper Archives Mar 28 2015, Page 46

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Winnipeg Free Press (Newspaper) - March 28, 2015, Winnipeg, Manitoba C M Y K PAGE B9 winnipegfreepress. com BUSINESS WINNIPEG FREE PRESS, SATURDAY, MARCH 28, 2015 B 9 Leo Ledohowski, Executive Chair & Lea Ledohowski, President are pleased to announce that Canad Inns is a 2014 Platinum Club winner of Canada’s Best Managed Companies, sponsored by Deloitte, CIBC, National Post, Queen’s School of Business and MacKay CEO Forums. Canad Inns has been a member of Canada’s Best Managed Companies since 1997 and a Platinum Club member since 2003. These achievements are recognition of the efforts of the entire team. We would like thank and congratulate all 3,500 members of the Canad Inns Team, and our loyal customers for their decades of patronage and support. At Canad Inns we are professionals serving professionals, our community serving the community, our family serving families. Canad Inns is a leader in the hospitality industry with over 3,500 employees in our destination centres in Winnipeg, Portage la Prairie, Brandon and Grand Forks, ND. THANK YOU canadinns. com 774- 4444 WWW. WINNIPEGDODGE. CA long distance 1- 877- 448- 7788 OPEN: Mon. & Tues. 9 am - 9 pm Wed. - Sat. 9 am - 6 pm Walt Morris President BRAND BRAND NEW NEW BRAND NEW NEW BRAND NEW NEW BRAND NEW NEW BRAND NEW NEW WE ARE O VERST OCKED AND NEED TO CLEAR OUT ALL T HIS INVENTORY NOW!! $ 18 , 998 * O R $ 9 9 B/ W * $ 17 , 998 * OR $ 102 B/ W * $ 30 , 998 * O R $ 168 B/ W * $ 18 , 998 * O R $ 99 B/ W * $ 38,583 * O R $ 185 B/ W * $ 27 , 9 98 * OR $ 145 B/ W * 2015 DODGE GRAND CARAV A N 2015 CHRYSLER 200 DEMO 2014 DODGE RAM 1500 SLT Q C 4 WD 2015 DODGE JOURNEY 2014 DODGE CHALLENGER SRT8 2015 JEEP WRANGLER UNLIMITED 4WD D W INS ROLL DODGE $ 50,000 CASH Plus LET IT ROLL EVENT PER DEAL, THIS IS NOT * Example: $ 10,995 84 month term @ 3.99% $ 3,820 APR. Prices and payments plus taxes, freight & fees. O B O OBO OBO OBO OBO OBO OTTAWA — Canada Post Group returned to profitability last year as the postal service cut costs and raised revenue with higher stamp prices and increased demand from Canadians having their online purchases shipped to them. The group that includes Canada Post, Purolator and other businesses had a $ 198- million net profit, compared with a $ 29- million net loss in 2013. Revenue totalled $ 7.98 billion, up 5.5 per cent from $ 7.56 billion in 2013. The union representing postal workers said Friday the profit suggests the plan to eliminate door- to- door delivery is unnecessary. Canada Post converted 100,000 addresses that had door- to- door delivery to community mailboxes in 2014 and plans to convert about 900,000 addresses this year. “ Conversion to community mailboxes only began in 2014, under the spectre of huge financial losses that are just not happening,” said Denis Lemelin, national president of the Canadian Union of Postal Workers. “ These cuts haven’t contributed meaningfully to cost savings, and it’s been nothing but problems for seniors, people with disabilities and victims of increased mail theft.” The overall improved results came as the main Canada Post business earned $ 148 million last year on revenue of $ 6.21 billion, compared with a loss of $ 75 million on $ 5.88 billion in revenue in 2013. Transaction mail — letters, bills and the like — generated $ 3.2 billion of revenue for the postal service last year. Canada Post said it had $ 238 million more revenue from transaction mail last year, mostly because of new pricing that took effect last March. Meanwhile, parcel delivery generated $ 1.5 billion of revenue in 2014, up $ 120 million from 2013, due to surging demand from businesses filling orders placed by online customers. — The Canadian Press W ATERLOO, Ont. — Black- Berry chief executive John Chen is on the hunt to acquire a security company and may tap into some of his company’s growing cash reserves to make it happen. The head of the Waterloo, Ont.- based technology firm told reporters Friday he’s looking to beef up the business by picking up a smaller operation that specializes in security. The move comes as Chen considers the next steps in a turnaround strategy that so far has largely focused on cost reductions, launching new software services and forging new relationships with corporate customers and wireless carriers. On Friday, BlackBerry reported a small profit in its fourth quarter, giving analysts a welcome surprise, even though its revenue figures still fell short of their expectations. The company, which reports in U. S. dollars, earned US$ 28 million or five cents per share compared with a loss of $ 423 million or 80 cents per share a year earlier. The results were less impressive when it came to BlackBerry’s revenue, which includes sales of its phones and software services. Overall revenue dropped 32 per cent from a year ago to $ 660 million, significantly lower than analyst expectations for $ 786 million. Shares rose 16 cents to close at US$ 9.46 on Friday. While Chen’s turnaround effort is still underway, the CEO said he needs to push forward with other plans that include building BlackBerry’s resources in areas of the business with growth potential. “ Now that we have a cash- generation capability, we’re going to invest,” Chen said. Part of than plan includes hiring more people at BlackBerry’s offices to help grow its software business. “ Acquisition is part of our strategy of this year.” He declined to offer any more details on the companies that are in his sights, noting BlackBerry is still scouring the market for candidates and isn’t near actually signing a deal. BlackBerry managed to add $ 608 million to its cash reserves, which sat at a record $ 3.27 billion at the end of the quarter. Some of that money will likely be spent on growth plans, Chen said. BlackBerry went on a shopping spree last year to add to its slate of security- technology services that are aimed at the business community and government. The company acquired Secusmart, a German firm that uses voice and data encryption to prevent eavesdropping, and Movirtu Ltd., a manufacturer of virtual SIM cards that let users have more than one phone number associated with their device. Cost management was a major focus of the most recent quarter, which ended Feb. 28, as BlackBerry pulled back expenses another 22 per cent to $ 424 million compared to the third quarter. — The Canadian Press Profit back up at Canada Post BlackBerry looking to invest Small Q4 profit for beleaguered brand By David Friend John Chen B_ 09_ Mar- 28- 15_ FP_ 01. indd B9 3/ 27/ 15 4: 56: 08 PM

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