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Detailed information on Fortis Inc. required for business and competitor intelligence needs
A study of the major internal and external factors affecting Fortis Inc. in the form of a SWOT analysis
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Fortis Inc. (Fortis or the company) is a Canada-based international utility holding company. The company is engaged in the generation, transmission, and distribution of electricity through its subsidiaries. Fortis is also engaged in the distribution of natural gas and in the operation of hotels and commercial real estate. The company operates in Canada, the Caribbean countries, and the US. It is headquartered in St. John's, Canada, and employed 8,186 people as of December 31, 2013. The company recorded revenues of C$4,047 million ($3,931.4 million) during the financial year ended December 2013 (FY2013), an increase of 10.8% over FY2012. The operating profit of the company was C$852 million ($827.7 million) in FY2013, an increase of 7.3% over FY2012. The net profit was C$353 million ($342.9 million) in FY2013, an increase of 12.1% over FY2012.
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