Transcontinental Posts Income Declines on Revenues Increase
Highlights:
| (Figures in millions of Canadian dollars) | Q2-2012 | Q2-2011 | % |
| Revenues | $529.4 | $498.7 | 6% |
| Adjusted operating income | 55.8 | 60.2 | (7%) |
| Adjusted net income applicable to participating shares | 35.4 | 39.1 | (9%) |
| Net income applicable to participating shares | (106.2) | 32.7 | - |
For this same period, adjusted operating income decreased 7 percent, from $60.2 million to $55.8 million, driven primarily by a new provincial legislation in Quebec under Bill 88 that imposes greater recycling fees on publishers, lower volume from the non-recurring revenue from the printing contract for the Canadian Census last year and lower volume from its educational book publishing group due to the end of the school reform in Quebec. This decrease was partially offset by synergies from the use of its most productive assets.
- Companies:
- Transcontinental Inc.
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