City West makes $400,000 distribution payment to city

City West makes $400,000 distribution payment to city

CityWest has provided the City with $7.1 million in dividends and distribution payments since 2005

CityWest has handed a $400,000 cheque to its sole shareholder, the City of Prince Rupert.

READ MORE: City West invests in Fibre

“In spite of the increased competitive pressure we faced this year, we remain a profitable company, and we are once again able to give our distribution payment to our shareholder,” said Chris Marett, CEO of CityWest, in the Dec. 11 press release.

“This is all thanks to our amazing staff, who have worked hard all year to provide a superior customer experience in all our markets.”

Dividends and distribution payments from CityWest to the city now totals $7.1 million since the company became a corporation in 2005.



matthew.allen@thenorthernview.com

Like us on Facebook and follow us on Twitter

CityWest