The PNE’s annual report is out, and although it’s positive, numbers are down from last year.
The annual report for the fiscal year ending March shows a profit of more than $115,000, and revenues totaling nearly $49-million.
But while the PNE is in the black for the 2015 fiscal year, it’s still down from 2014 where it saw just a little over $400,000 in profits.
READ MORE: Windstorm batters Metro Vancouver
Spokesperson Laura Ballance explains the difference.
“[It’s] very dependent on things like the U.S. dollar, and the case of say the film business that we do on site which is very significant. And then of course weather is a major act when you run your events and it’s largely outdoor based.”
That last factor played a bigger role than usual this year, with last summer’s massive windstorm hitting on one of the fair’s traditionally busiest weekends.
“We didn’t have as much revenue from the fair because we lost so much momentum when the storm hit.”
Last month, the city of Vancouver green lit $1.5-million to study the possibility of transforming the PNE into a multi-area theme park.
The report shows more than 315,000 people visited this year’s fair, a 6.8% increase from 2014.