Home Breadcrumb caret News Breadcrumb caret Industry Hi-Alta revenue grows in 2001 Broker consolidator Hi-Alta Capital Inc. (TSE: HIA) saw increased revenue and net income for the financial year ended December 31, 2001, the company’s sixth year of operation. Acquisitions played a key role in the company’s growth, with 9 agencies in 11 communities added to Hi-Alta’s Western Insurance Network last year, as well as the addition […] April 30, 2002 | Last updated on October 1, 2024 1 min read Broker consolidator Hi-Alta Capital Inc. (TSE: HIA) saw increased revenue and net income for the financial year ended December 31, 2001, the company’s sixth year of operation. Acquisitions played a key role in the company’s growth, with 9 agencies in 11 communities added to Hi-Alta’s Western Insurance Network last year, as well as the addition of new products and services. And with the recent addition of six more offices, Hi-Alta’s assets under management now exceed $200 million. Revenue grew 14% to $22.5 million for 2001, versus $19.7 million in 2000. Earning before tax (EBITDA) grew to $5 million last year, as compared with $4.29 million the year prior, a change of 15.5%. And net income rose 113% to $991,800, versus $455,500 in 2000. Again in 2001, Hi-Alta is on the Profit 100 ranking of the country’s fastest-growing companies, in 24th position. Save Stroke 1 Print Group 8 Share LI logo
