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BC Ferries reports larger third quarter loss

British Columbia Ferry Services Inc. today released financial statements showing a net loss in the quarter that ended Dec. 31, 2009.

The company reported a net loss of $20.4 million for those three months, up from a net loss of $14.6 million in the same period last year.

Revenues were $10.5 million higher in the quarter than they were a year earlier, but amortization costs increased by $6 million and interest costs by $5 million.

The release noted that vehicle traffic was up 4.2 percent and passenger traffic up 2.8 percent in the quarter from the same period a year earlier.

Fares are scheduled to increase on April 1.

The full financial statements and related documents were not available on either SEDAR or the B.C. Ferries website by posting time.

Andrew MacLeod is The Tyee’s Legislative Bureau Chief in Victoria. Reach him here.

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