PROFIT 100 ranking reveals six of Canada's fastest-growing companies hail from Atlantic Canada
PROFIT magazine’s annual ranking shows how small and medium-sized businesses can seize opportunity in tough times and achieve explosive growth. For the full ranking, visit www.profit100.com.
TORONTO, June 2 /CNW/ – Only a select few businesses ever achieve the dramatic growth required to make it onto the PROFIT 100. The accomplishments of this year’s PROFIT 100 are all the more remarkable considering the volatile economic climate of the past two years.
Released today, the PROFIT 100 is the definitive annual ranking of Canada’s Fastest-Growing Companies by five-year revenue growth. The companies that make up this year’s ranking have grown their annual revenue by an astounding average of 1,752% over the last five years. Moreover, an impressive 76% turned a profit in last year’s sunken economy.
This year, five PROFIT 100 companies come from Atlantic Canada, while another firm, Cogsdale Inc. of Charlottetown, appears on the Next 100. They’re a diversified lot, from a manufacturer of sonar technology to a producer of online video content.
“The PROFIT 100 winners demonstrate great foresight, agility and tenacity,” says Ian Portsmouth, editor of PROFIT. “All managers of small and medium-sized businesses can learn valuable lessons from the Canada’s Fastest-Growing Companies, especially which management practices drive growth in today’s economy.”
THE PROFIT 100 five performers from Atlantic Canada:
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Overall Company/Business Activity Headquarters Revenue
Rank Growth
%
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5 Marport Canada Inc./Produces sonar St. John's,
technology N.L. 5,234
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6 CAI (Chaulk Air Inc.)/Logistics
provider Moncton, N.B. 4,650
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12 PQA (Professional Quality Assurance
Ltd.)/Software quality-assurance Fredericton,
testing N.B. 3,126
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39 Mad Rock Marine Solutions Inc./
Manufactures marine evacuation St. John's,
equipment N.L. 1,426
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80 Ad-Dispatch Inc./Produces radio Dartmouth,
commercials and Web video content N.S. 776
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Charlottetown,
185 Cogsdale Inc. P.E.I. 202
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For the full ranking and breakdown of the PROFIT 100, visit www.profit100.com.
About PROFIT Magazine:
PROFIT: Your Guide to Business Success is Canada’s preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 28 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it’s a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at www.profitmagazine.ca.