On the eve of opening its new season, Ballet B.C. is announcing some very promising news.

The company is reporting an operating surplus of $150,000 for its 2012-2013 fiscal year—its third consecutive annual surplus. In a press statement today (October 10), it adds it also exceeded its fundraising goal for 2013 and has extended the contract of artistic director Emily Molnar for another three years.

The news caps off a bright year for the company, which has enjoyed a successful North American tour that included standing ovations at the prestigious Jacob's Pillow in Massachussetts.

The surplus is significant: Ballet B.C. has spent the past three years rebuilding itself after near financial collapse. Molnar's programming and ability to lure top contemporary choreographers is being given a lot of the credit for the successful rebirth of the troupe.

“Ballet BC has moved from strength to strength over the past three years achieving acclaimed levels of artistic excellence and financial stability," Dr. Kevin B. Leslie, Ballet B.C.'s president and chair of the board of directors, stated in a news release. “The company’s mix of new and innovative repertoire coupled with more traditional ballet performances from visiting companies has been enthusiastically received by our Vancouver audiences. We are very pleased with the success of our strategic direction and the resultant financial stability and sustainability as we enter Ballet B.C.’s 29th season.  The support of our audience and loyal donors has been a critical element in Ballet B.C.’s success to date and will continue to be so as the company continues its exciting path through the changing landscape of presenting dance in the 21st century.”

Ballet B.C. launches its 2013-14 season with Tilt the Queen Elizabeth Theatre from next Thursday to Saturday (October 17 to 19), with premieres by Molnar and choreographer Jorma Elo a well as the return of the 2012 audience hit Walking Mad.