Transcontinental Reports Improved Profitability in Fourth Quarter

Financial Highlights

In the fourth quarter ended October 31, 2009, Transcontinental recorded consolidated revenues of $594 million down 9% from $653.3 million in the fourth quarter of 2008, while adjusted operating income before amortization increased 15%, from $108.3 million to $124.3 million. The favourable fluctuations in the exchange rate between the Canadian dollar and its U.S. and Mexican counterparts contributed a positive $0.8 million to revenues and $3.1 million to operating income before amortization.