Stationnement de Montréal Files 2015 Financial Statements

MONTRÉAL, June 13, 2016 /CNW Telbec/ - The management team of Société en commandite Stationnement de Montréal (the "Société") has published its financial statements for the fiscal year ended December 31, 2015.

Highlights
In 2015, the Société contributed a total of 53.5 million in the form of taxes, rents, permits, compensation and royalties to the City of Montréal, representing a $1.2 million (2%) increase over 2014. Moreover, on-street parking revenue remained stable at $62.9 million in 2015. Lastly, the Société was able to refund the entirety of its initial long-term debt of $40 million through its final $12 million instalment in January 2016.

P$ Mobile Service
The P$ Mobile Service remote payment app's success has been consistently growing since its launch in 2012. Its popularity has increased considerably, with this new payment method representing over 40% of total income during 2015's closing weeks.

In order to further contribute to user satisfaction, the Société has once again reduced the service fees pertaining to on-street parking space payments this year, this time from $0.30 to $0.20, as of
June 1, 2015.

For more information on the Société's other projects, please refer to its 2015 Annual Report.

About Stationnement de Montréal
Created in 1995, the Société en commandite Stationnement de Montréal was originally founded to ensure the optimal management of municipal paid on-street and off-street parking. The Société was quickly recognized for its innovation, its advantageous use of cutting-edge technologies and the harmonious integration of its installations into the urban landscape.

 

2015 Annual Report
http://bit.ly/1Pox4cy

 

SOURCE Société en commandite stationnement de Montréal

For further information: Sophie Charette,Assistant Director - Communications, Stationnement de Montréal, Office: 514 868-3795, Mobile: 514 996-5034, scharette@statdemtl.qc.ca

RELATED LINKS
www.statdemtl.qc.ca

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