Transcontinental Has Strong Profitability Gain on Lower Revenue in Q1

Revenues were down 11% in the quarter, due to the negative impact of the exchange rate, the divestiture or closure of plants and publications, and paper prices. Excluding these latter items and thanks to the contribution of the two contracts with Rogers Communications, which took effect in 2009, and the contract to print the San Francisco Chronicle which started in July 2009, revenues were down only 2.7%.