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Belledune Port Authority (BPA) Releases Financial Results

Belledune, NB – Mr. Léo Cormier, Vice-Chairman of the Board of Directors, representing Mr. Barry Kyle, Chairman of the Board of Directors of the Belledune Port Authority (BPA), released the 2012 Financial Results and Annual Report today at the BPA’s thirteenth Annual General Public Meeting at the Belledune Recreation and Cultural Centre.

“The Belledune Port Authority once again concluded 2012 with exceptional achievement. The Port of Belledune has been noted for outstanding performance since its beginnings.  Yet in many respects, that performance reached new levels in 2012.

As the Port of Belledune expands throughout the world, we continue to dedicate ourselves to the company’s core values – integrity, quality, commitment and innovation – and we recognize their prominent role in sustaining our success.  As we take the next steps, we’ll maintain our innovative thinking as we strive to enhance the prosperity of the local area and the region.”

BPA President & CEO, Mr. Rayburn Doucett stated that: “2012 was an exceptional year for the Belledune Port Authority – Full of change and progress! Every inch of rental space was occupied.  We welcomed our first tenant to house our new Modular Fabrication Facility as well as the Complementary Fabrication Facility. We also welcomed new Board members, celebrated long-term partnerships and have been building new partnerships that will have a lasting and positive impact for our communities and region.”

In 2012, BPA created a development plan which is well reflected in the 2012 results.  Again, in 2012, the Port met its financial targets with net profits of $2.4M and a total cargo volume of 1.872M tonnes was handled, while 88 vessels called on the Port.

BPA’s net income for the 2012 fiscal year was $2,367,012.  The exceptional financial position the BPA continues to maintain reflects the continued efforts of the BPA’s Board of Directors, management and staff, as they continue to make every effort and rise to new challenges to reach new goals as: Belledune… Unlimited!

-30- For more information, please contact: Rayburn Doucett President & CEO Belledune Port Authority (506) 522-1200

2013 Press Release-AGM-English-MKTG-JLG-MAY172013.pdf

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