B.C. Ferries earnings, ridership decline

B.C. Ferries released its fiscal year-end results on June 11, results that show both the net earnings and the overall ridership declined over the past year.

Net earnings for the company were $9 million for the year ended March 31, down significantly from the $37.1 million of the previous year. The reduction in earnings is attributed to “increased amortization and financing costsâ€