Business
TRANSCONTINENTAL'S BEST OPERATING PERFORMANCE IN ITS HISTORY IN 2010
TRANSCONTINENTAL'S BEST OPERATING PERFORMANCE IN ITS HISTORY IN 2010
About this update from Transcontinental Inc. Class A
[{"type":"text","content":"\n\n\n\n Dec. 8, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nIn the fourth quarter 2010\n\n\n\nGrowth of 3.8% in adjusted operating income, from $85.0 million to\n $88.2 million, and organic growth of 7.3%.\n\n\nGrowth in adjusted operating income margin, from 14.9% to 15.5%. \n\n\nGrowth in net income applicable to participating shares, from\n $43.1 million to $44.5 million; on a per-participating-share basis,\n from $0.53 to $0.55.\n\n\nGrowth of 20.0% in adjusted net income applicable to participating\n shares, from $52.4 million to $62.9 million; on a per-share basis,\n increase of 12 cents, from $0.65 to $0.77.\n\n\nPositive organic growth in revenues of 1.3%.\n\n\n\nFor fiscal 2010\n\n\n\nGrowth of 16.3% in adjusted operating income, from $217.1 million to\n $252.5 million, and organic growth of 14.9%.\n\n\nGrowth in adjusted operating income margin, from 10.0% in 2009 to 12.1%\n in 2010.\n\n\nRemarkable growth in net income applicable to participating shares, from\n a loss of $82.3 million to income of $166.6 million; on a\n per-participating-share basis, increase from a loss of $1.02 to\n earnings of $2.06.\n\n\nGrowth of 18.7% in adjusted net income applicable to participating\n shares, from $133.5 million to $158.5 million; on a per-share basis,\n increase of 31 cents, from $1.65 to $1.96.\n\n\nPositive organic growth in revenues of 1.2% compared to 2009 and\n decrease of 3.6% in consolidat...