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PROFIT 200 RANKING: SIX OF CANADA'S FASTEST-GROWING COMPANIES ARE FROM MANITOBA OR SASKATCHEWAN

June 1, 2011

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The stars of PROFIT Magazine’s 23rd annual PROFIT 200 ranking prove that opportunities are everywhere in today’s economy. For the full ranking, visit www.profit200.ca.

TORONTO, June 1, 2011 /CNW/ – With the Canadian economy apparently mired in a prolonged period of subpar growth, one couldn’t blame business owners for being pessimistic about current opportunities for expansion. But the firms honoured in the PROFIT 200 ranking of Canada’s Fastest-Growing Companies are proof that more than a little optimism is in order.

Released today, the PROFIT 200 is the definitive annual ranking of Canada’s Fastest-Growing Companies by five-year revenue growth. Despite a sluggish economy, the businesses profiled in the pages of PROFIT’s Summer 2011 issue have generated five-year revenue growth averaging an extraordinary 1,464%.

This year, six PROFIT 100 companies hail from Manitoba or Saskatchewan. They’re a diversified lot, from a provider of mapping and other services to boost farm yields to a distributor of air purifiers and vacuum cleaners.

“The PROFIT 200 demonstrate that innovative small and medium-sized businesses operate all across the country,” says Ian Portsmouth, editor-in-chief of PROFIT Magazine. “No matter where they are from, they all have valuable lessons to share on how to drive growth in today’s challenging economy.”

PROFIT 200: The Top 5 from Manitoba-Saskatchewan


Company Industry Headquarters Growth 2005-10 (%)
1. Farmers Edge Precision Consulting Inc. (#11 overall) Mapping and other services to boost farm yields Winnipeg 3,292
2. Canpulse Foods (Ventures West Processors Ltd.) (#91) Wholesales agricultural commodities Kindersley, Sask. 577
3. Oreck Canada (Axe Houghton Group Inc.) (#102) Distributes Oreck-brand air purifiers and vacuums Winnipeg 463
4. Bonafide Carpentry Services Ltd. (#142) General contracting for commercial construction Winnipeg 329
5. Manitoba Harvest Hemp Foods & Oils (#156) Food processor Winnipeg 285

For the full ranking and breakdown of the PROFIT 200, visit www.profit200.ca.

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 29 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.PROFITguide.com.