Larger firms in the consumer goods rental industries were more profitable than their smaller counterparts in 2004.
The industry's 20 largest firms had a profit margin of 9.9 percent in 2004, considerably higher than the 5.1 percent profit margin for the rest of the industry, said a Canadian Statistics release.
The industry comprises firms offering general rentals and rentals of home health, party or recreational equipment; DVDs and video tapes; consumer electronics and appliances; and formal wear and costumes.
Overall, the industry earned operating revenues of $2.2 billion in 2004, up a modest 1.6 percent from 2003.
The industry's growth in 2004 was dampened by revenue declines for general rental centres and establishments offering specialized rentals of home health, party or recreational equipment.