Printing Industry News for Canada | RSS |
4 October 2023
Transcontinental Sales and Profits Down, Investment Up
MONTREAL—
Lower volume in the Packaging and Printing Sectors, partially offset by the positive impact of actions implemented to adjust their cost structure.Revenues of $706.7 million for the quarter ended July 30, 2023; operating earnings of $39.2 million. Revenues decreased by $41.1 million, or 5.5%,
from $747.8 million in the third quarter of 2022 to $706.7 million in the corresponding period of 2023. This decrease is mainly due to the organic decline largely related to lower volume, partially offset by the favourable exchange rate effect mainly in the Packaging Sector, and the acquisitions of Éditions du renouveau pédagogique Inc. and Banaplast S.A.S.On August 22, 2023, announced a major investment to accelerate the commercialization of innovative recyclable flexible packaging.
Post a Comment
Comments:
NEW ON THE JOB BOARD | RSS
CLICK HERE to post your job opening
LATEST USED EQUIPMENT | RSS
CLICK HERE to list your equipment
Total Used Equipment Listings: 18
CLASSIFIED | RSS
CLICK HERE to list your business opportunity in the printing industry
Company wanted |
Most Recent News Comment
Rick says: | |
Most Read Stories