Business
Transcontinental Inc. second quarter: revenues increase 6% and renews multi-year agreements valued at over $1.5 billion in revenues
Highlights Notes 1 and 2 please refer to the table "Reconciliation of Non-IFRS finan...
About this update from Transcontinental Inc. Class A
[{"type":"text","content":"\n\n\n\n\n\nHighlights \n\n\n(in millions of dollars, except per share data)\n\n\nQ2-12\n\n\nQ2-11\n\n\n%\n\n\nYTD Q2-12\n\n\nYTDQ2-11\n\n\n%\n\n\nRevenues\n\n\n$529.4\n\n\n$498.7\n\n\n6%\n\n\n$1,025.3\n\n\n$1,013.5\n\n\n1%\n\n\nAdjusted operating income (1)\n\n\n55.8\n\n\n60.2\n\n\n(7%)\n\n\n98.8\n\n\n108.9\n\n\n(9%)\n\n\nAdjusted net income applicable to participating shares (2)\n\n\n35.4\n\n\n39.1\n\n\n(9%)\n\n\n62.5\n\n\n67.9\n\n\n(8%)\n\n\nPer share\n\n\n0.44\n\n\n0.48\n\n\n(8%)\n\n\n0.77\n\n\n0.84\n\n\n(8%)\n\n\nNet income applicable to participating shares\n\n\n(106.2)\n\n\n32.7\n\n\n---\n\n\n(139.5)\n\n\n58.4\n\n\n---\n\n\nPer share\n\n\n(1.31)\n\n\n0.40\n\n\n---\n\n\n(1.72)\n\n\n0.72\n\n\n---\n\n\nNotes 1 and 2 please refer to the table \"Reconciliation of Non-IFRS\n financial measures\" in this press release.\n\n\nRenewed and expanded six multi-year agreements valued at over $1.5\n billion in revenues with major Canadian retail customers.\n\n\nClosed the transaction for the indirect acquisition of the shares of\n Quad/Graphics Canada, Inc. and rapidly announced the reorganization of\n its print operations across Canada. The integration is on track to\n deliver more than $40 million in synergies as expected.\n\n\nContinued to develop its digital and interactive business by expanding\n its digital advertising representation deals and acquiring a majority\n stake in Redux Media, a leading online advertising network.\n\n\nLaunched a television production house.\n\n\nMONTREAL, June 7, 2012 /CNW Telbec/ - Transcontinental Inc. (TSX: TCL.A\n TCL.B TCL.PR.D) increased its revenues by 6% in the second quarter,\n from $498.7 million to $529.4 million, driven primarily by the\n acquisition of Quad/Graphics Canada, Inc. as well as numerous\n acquisitions and launches of community newspapers in Quebec, and new\n contracts such as Canadian Tire. This growth was mitigated primarily by\n the sale of its black and white book printing business, destined for\n U.S. exports, to Quad/Graphics last September and by lower volume from\n the non-recurring revenue from the printing contract for the Canadian\n Census last year. Excluding acquisitions, divestitures and closures,\n the impact of the exchange rate and the paper component variance,\n organic revenue growth was essentially flat.\n\n\nFor this same period, adjusted operating income de...