Business
TRANSCONTINENTAL'S THIRD QUARTER: ALL FINANCIAL INDICATORS UP, COUPLED WITH ORGANIC GROWTH IN REVENUES AND PROFITS
TRANSCONTINENTAL'S THIRD QUARTER: ALL FINANCIAL INDICATORS UP, COUPLED WITH ORGANIC GROWTH IN REV...
About this update from Transcontinental Inc. Class A
[{"type":"text","content":"\n\n\n\n Sep. 8, 2010 (Canada NewsWire Group) -- \n\n \n \n \nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\n\n >\n\n\nMONTREAL, Sept. 8 /CNW Telbec/ - For the fifth quarter in a row, Transcontinental improved its operating income, excluding unusual items, over the previous fiscal year. All financial indicators were up, with positive growth in revenues and profits. These excellent results stem primarily from the Corporation's diversified customer base of retailers, advertisers and publishers; its leading position in each of its niches; the success of its unique service offering which combines new digital and print platforms; the rationalization measures implemented in 2009; and the important contributions from print contracts signed in recent years.\n"I am very satisfied with the return to organic revenue growth for our second quarter in a row and the fact that all financial indicators were up in the third quarter of 2010 over the third quarter of 2009, which was, itself, higher than that of 2008," said François Olivier, President and Chief Executive Officer of Transcontinental. "It is encouraging to see that all three sectors contributed to the organic growth in revenues, even as we continued to develop our offering to accompany our customers in their new marketing needs. I'd like to thank our employees for their commitment to always serving our customers better and for their daily efforts to improve efficiency.\n"I am optimistic about the coming quarters, even though the economic context is still unstable," said Mr. Olivier. "Our already enviable financial position should continue to improve given the dual impact of our higher operating income and, with the end of the major investments in print infrastructures, the decrease in our capital expenditures. We will thus be in an excellent position to make targeted strategic acquisitions in new media and digital technology. We will also continue to develop our offering to meet the growing demand f...