B.C.s top public companies grow through pandemic
British Columbias top 100 public companies didnt skip a beat over the past year despite the pandemic that shook the global economy. Average revenue for the top 100 has remained essentially the same over the past three years, hovering around $1 billion. While average revenue grew only 0.5% over the past year, that was a significant improvement compared with the 0.8% decline during the previous year. Median revenue did not reflect the same boost. It fell 7.4% to $177.7 million in 2020 from $191.8 million in 2019. This suggests that revenue for smaller companies lower on the list declined while the revenue generated by their larger counterparts grew. No. 98 Aurora Solar Technologies Inc. recorded the largest one-year revenue increase: 652.4% to $3.3 million in 2020 compared with $438,000 in 2019. Average asset value at the top 100 public companies also followed a consistent growth path. It increased roughly 4% for the past three years, including 4.26% in 2020. The median asset value fell 7.4% over the past year and 23% over the past five years.
B.C.s top public companies grow through pandemic
British Columbias top 100 public companies didnt skip a beat over the past year despite the pandemic that shook the global economy. Average revenue for the top 100 has remained essentially the same over the past three years, hovering around $1 billion. While average revenue grew only 0.5% over the past year, that was a significant improvement compared with the 0.8% decline during the previous year. Median revenue did not reflect the same boost. It fell 7.4% to $177.7 million in 2020 from $191.8 million in 2019. This suggests that revenue for smaller companies lower on the list declined while the revenue generated by their larger counterparts grew. No. 98 Aurora Solar Technologies Inc. recorded the largest one-year revenue increase: 652.4% to $3.3 million in 2020 compared with $438,000 in 2019. Average asset value at the top 100 public companies also followed a consistent growth path. It increased roughly 4% for the past three years, including 4.26% in 2020. The median asset value fell 7.4% over the past year and 23% over the past five years.