Industry News, Printers News

Transcontinental Inc.: Increased Profitability in 3Q 2014

Revenues increased 1.9%, primarily due to the contribution from acquisitions and new printing and distribution agreements

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Transcontinental Inc.’s revenues increased 1.9% in the third quarter, from $490.7 million to $500.0 million, primarily due to the contribution from acquisitions, namely Capri Packaging and Sun Media Corporation’s weekly newspapers in Quebec, as well as new agreements in its two operating sectors. This increase was partially offset by the soft advertising market, which continues to influence both operating sectors.   Adjusted operating earnings rose 11.0%, from $52.5 million to $58.3 million. T...

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