PortsToronto Presents 2020 Financial Results at Annual General Meeting and Releases Annual Report

Toronto (June 14, 2021) – Due to current restrictions on group gatherings, and in respect of physical distancing and health protocols, PortsToronto held its Annual General Meeting (AGM) online today. During the meeting, senior management and members of the Board of Directors provided an overview of the organization’s 2020 fiscal year and confirmed the release of its 2020 Annual Report.
In addition to discussing 2020 financial results at this year’s AGM, PortsToronto’s Chief Executive Officer, Geoffrey Wilson, provided an overview of the organization’s operational performance in 2020, including the launch or completion of important sustainability, community and city-building initiatives. He also addressed the challenges PortsToronto experienced in 2020 as a result of the COVID-19 global pandemic.
“PortsToronto’s Annual General Meeting provides an opportunity for our Board of Directors and senior management team to review our business performance for the past year and provide updates on the year underway,” said Geoffrey Wilson, Chief Executive Officer, PortsToronto. “PortsToronto entered 2020 in a strong financial position due to a solid balance sheet, growing passenger numbers at the airport, and expectations of another record year at the Port. Despite the challenges of the COVID-19 pandemic, confirmed in March 2020, PortsToronto remains committed to doing what it can to maintain strong business operations and support the economic recovery of Toronto in the months and years ahead.”
Audited Financial Statements for 2020 were released May 4, 2021, and are available on the PortsToronto website and within the Annual Report. A recording of the AGM will be posted to the PortsToronto website.
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About PortsToronto
For more than 100 years PortsToronto has worked with its partners at the federal, provincial and municipal levels to enhance the economic growth of the City of Toronto and the Greater Toronto Area. PortsToronto owns and operates Billy Bishop Toronto City Airport; the Outer Harbour Marina, one of Canada's largest freshwater marinas; and, Marine Terminal 52, which provides transportation, distribution, storage and container services to businesses at the Port of Toronto. PortsToronto is committed to fostering strong, healthy and sustainable communities and has invested more than $12 million since 2009 in charitable initiatives and environmental programs that benefit communities along Toronto's waterfront and beyond. PortsToronto operates in accordance with the Canada Marine Act and is guided by a nine-member board with representation from all three levels of government.
Media Contact:
Jessica Pellerin
Media Relations and Public Affairs Specialist
Cell: (647) 298-0585
E-mail: jpellerin@portstoronto.com