Transcontinental Reaps Q2 Profit of C$68.7M

Q2 revenues of C$510 million were actually down four percent from the same period last year. The C$144.3 million loss in 2009 included a C$169.3 million charge to reflect the impaired value of goodwill and other intangible assets.

The company cited printing of the San Francisco Chronicle newspaper, the contribution of the Marketing Communications Sector and the stabilization of the market in certain traditional segments as al contributing to organic growth in revenues.