Transcontinental Posts ‘Best Operating Performance in Its History’

Net income applicable to participating shares rose $248.9 million, from a loss of $82.3 million in 2009 to income of $166.6 million in 2010. This remarkable growth stems mainly from a significant increase in operating income and a gain related to the discontinuance of direct mail operations in the United States. Adjusted net income applicable to participating shares, which excludes unusual items, rose 18.7 percent, from $133.5 million to $158.5 million.