It is not surprising that Norsat’s ranking on Business in Vancouver’s Top 100 Most Profitable Companies in BC jumped 29 spots year-over-year from 2014 to 2015! With a +107% increase in net income, the company has shown excellent profitability and has been profitable for more than 8 years running.
Ranked on 2015 net income, Norsat demonstrated continued solid operating results for the year. The strong US dollar also helped push Norsat up the ladder as Norsat reports in US dollars.
For a full listing of BIV’s Top 100 Most Profitable companies click here.