Halifax Convention Centre Opening Announced

first_imgThe Halifax Convention Centre announced today, Nov. 28, it will host its official opening ceremony on Dec. 15. “Opening our doors marks a significant milestone as we get ready to welcome thousands of new visitors and new opportunities to our city and province,” said Carrie Cussons, president and CEO of the Halifax Convention Centre. “We can’t wait to preview our new state-of-the-art facility with our community and partners before we begin hosting our first events.” The centre will host its first client event, the Canadian Junior Weightlifting Championships, on Jan. 20, 2018 followed by Brides 2018, the Halifax Business Awards and the National Franchise Show. Many of the national and international events booked for the new facility have been attracted in collaboration with Discover Halifax and other local industry partners. There are 90 events booked for the first year of operations in the new facility, bringing an estimated 75,000 delegates and more than $50 million in new money to the province. This includes almost three times the number of national and international events and 18,000 more visitors than previous years at the existing convention centre. A full list of 2018 events can be found at: halifaxconventioncentre.com/2018-events. “We are pleased to be bringing our 21st annual Professional Conference and Annual General Meetings to the Halifax Convention Centre in October,” said Jan Hux, chief science officer for Diabetes Canada. “Our event is the largest gathering of diabetes health-care professionals in Canada and we know they will enjoy this new facility and the city’s hospitality.” To mark the facility’s opening, the centre has planned a welcome weekend which is a series of community events, including facility tours, for the public Jan. 12-14. “Shaped by community input and world-class design, I’m very proud of what this facility represents,” said Joe Ramia, president of Argyle Developments, builder of the new centre. “I look forward to showcasing the space to our community and the thousands of new visitors that will come through the doors.” The Halifax Convention Centre is part of the Nova Centre, a one-million square-foot, mixed-used development including a hotel, financial towers, public plaza, retail space and parking. It is the largest integrated development project in the province’s history. The funding of the convention centre is shared between three levels of government, totaling $169.2 million.last_img read more

Genivar firstquarter profits revenues increase on UK acquisition

Genivar first-quarter profits, revenues increase on U.K. acquisition AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by Ross Marowits, The Canadian Press Posted May 8, 2013 4:55 pm MDT MONTREAL – Genivar’s profits increased 41 per cent in its latest quarter as it continued to realize the benefits from last year’s acquisition of U.K.-based WSP Group.The Montreal-based engineering and consulting firm said Wednesday it earned $14.1 million or 27 cents per share for the quarter ended March 30.That compared with $10 million or 31 cents per share a year ago when it had fewer shares outstanding.Revenues increased to $406.8 million from $137.1 million, reflecting the contribution from WSP Group PLC, acquired last August for $442 million in cash.“I am pleased with our performance, which meets our targets within our previously disclosed outlook,” president and CEO Pierre Shoiry said in a statement.“Emerging markets such as Colombia, the Middle East, China and India posted double-digit organic growth in the first quarter. Our largest regions continue to be resilient and stable and, as we build upon our global reach and expertise, these results reinforce our confidence in our ability to meet our 2013 targets.”Genivar (TSX:GNV) was expected to earn 35 cents per share on $403 million of revenues in the quarter, according to analysts polled by Thomson Reuters.The results were impacted by amortization of intangibles relating to the WSP transaction. Excluding this factor, it earned $18.3 million or 36 cents per share.Pre-tax operating income or EBITDA was $37.1 million, in line with analyst estimates of $38 million and up from $21.2 million a year ago,Genivar, which plans to change its name to WSP, financed the acquisition by raising $225 million on the public markets and $197 million in private placements with two of Canada’s largest public pension funds, which were already shareholders.Maxim Sytchev of Dundee Securities said Genivar is “generating organic momentum.”Its order backlog was $1.4 billion or 8.7 months of work, with the Canadian backlog appearing to increase 12 per cent, he wrote in a report.“The Canadian showing is in line with expectations as stronger performing Western provinces are doing better compared to Quebec and Ontario.”Sytchev said Genivar’s shares have increased 23 per cent this year as investors are gaining more comfort that the WSP acquisition is actually working.Pierre Lacroix of Desjardins Capital Markets described the results as negative.But he said a 2.5 per cent growth in organic WSP revenues underlined the timeliness of the acquisition. Revenues of Genivar’s legacy business decreased by 6.6 per cent.Genivar has 15,000 employees — mainly engineers, technicians, scientists and architects, as well as various environmental experts — based in more than 300 offices in 35 countries.On the Toronto Stock Exchange, Genivar’s shares closed down 43 cents, or 1.8 per cent, at $23.51 in Wednesday trading. read more