Transcontinental Generates Organic Revenue and Profit Growth
Other Financial Highlights
Free cash flow from operations increased significantly as cash flow from operations, before changes in non-cash operating items, was stable at $71.4 million and capital expenditures decreased, from $21.4 million to $8.7 million.
As at July 31, 2011, the ratio of net indebtedness (including the securitization program) to adjusted operating income before amortization was 1.59x, as compared to 1.82x as at October 31, 2010 and 1.85x as at July 31, 2010. The ratio of net indebtedness to adjusted operating income before amortization is slightly above the target of 1.5x set by management. Over the next few quarters, it should reach the target given the expected increase in cash flow generation and reduction in capital expenditures.
- Companies:
- Transcontinental Inc.
