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Profitable year for Crown Corporation ISC

Saskatchewan Legislative Building. File / Global News

SASKATOON – Information Services Corporation’s (ISC) 2012 annual report shows a $4 million profit increase over the previous year.

In 2012, the Crown Corporation took in $77.3 million in revenue over the previous year’s $70.8 million.

ISC President and CEO Jeff Stusek attributes much of the crown’s recent profitability to efforts in and customer service. Five of the seven Saskatchewan customer service centres were renewed last year.

“While we are preparing for growth opportunities, we never lose sight that authenticated, secure and reliable information services is the core of our business,” said Stusek.

In November 2012, legislation was introduced to publically sell off 60 per cent of the Crown to address Saskatchewan infrastructure priorities.

“By creating a publicly-traded company, ISC will be able to expand and grow into markets and jurisdictions and diversify risk as they’ve never previously been able to,’ said Don McMorris, minister responsible for ISC.

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Stusek is glad the corporation continues to add to its value and the sell off will probably not occur before May.

ISC provides extra-provincial business registrations, birth certificates, land services and a new online system for issuing mineral permits.

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