Printing Industry News for Canada | RSS | 
11 June 2014
Transcontinental sees rise in profitability in second quarter
MONTREAL—Transcontinental Inc. has increased its profitability in its second quarter according to the latest financial statement.
While Transcontinental’s revenues decreased by 3.8% in the second quarter to $498.2 million from $517.8 million, its net earnings increased to $36.8 million from $27.4 million.
The decrease in revenue is due to a soft advertising market, which affected marketing products printing and newspaper and magazine publishing operations. It was partially offset by the steady performance of its flyer printing operations and new contracts in both operating sectors.
The rise in adjusted operating earnings was a result of company wide optimization of Transcontinental’s cost structure and what the company considers to be its highly effective printing platform.
While Transcontinental’s revenues decreased by 3.8% in the second quarter to $498.2 million from $517.8 million, its net earnings increased to $36.8 million from $27.4 million.
The decrease in revenue is due to a soft advertising market, which affected marketing products printing and newspaper and magazine publishing operations. It was partially offset by the steady performance of its flyer printing operations and new contracts in both operating sectors.
The rise in adjusted operating earnings was a result of company wide optimization of Transcontinental’s cost structure and what the company considers to be its highly effective printing platform.
— Leslie Emmons
Comments (2) Post a Comment
Comments:
2. Haters Hate! says:
1 August 2014 at 5:49 PM
Effective platform doesn't mean no need for employees it just means they don't need additional employees. They are the best printer in Canada if not North America and there is a reson they are and it has nothing to do with government grants.
1. Really ? says:
22 June 2014 at 2:42 PM
"highly effective printing platform " ?? so effective no need for employees... TC go and stand in line for another government grant..... or start paying back.
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