PortsToronto Presents 2018 in Review

PortsToronto today released its Annual Report, an important document that details our financial performance and highlights key initiatives and achievements for the year. In 2018, PortsToronto experienced another year of growth and profitability in all business units, including:

• A record year of cargo imports and a beneficial long-term leasing contract with Cinespace at the Port of Toronto;
• Strong revenues and client growth at the Outer Harbour Marina;
• Increases in profitability in our Real Estate and Investment portfolio; and,
• The completion of a successful three-year airfield rehabilitation project, upgrades to the passenger terminal and a new record for the number of passengers at Billy Bishop Airport.

This past year marked PortsToronto’s eleventh consecutive year of profitability. As a self-sustaining organization that does not receive public funding, PortsToronto’s continued profitability has allowed us to give back to our community and invest in initiatives and improvements that benefit the city, including more than $11 million invested into community organizations and environmental initiatives since 2009.

Click here to read PortsToronto’s 2018 Annual Report.