Transcontinental Reports Gains for Fiscal Year Despite Q4 Loss --PI News

Lastly, since April, Transcontinental has been printing the flyers for Shoppers Drug Mart-Pharmaprix all across Canada. This multi-year arrangement, valued at about $25 million a year, represents new business for which the Corporation does not have to make any additional investments.

Transcontinental is continually investing in its future. As part of its Evolution 2010 business project, the Corporation is investing an average of $120 million a year in capital expenditures, close to double the industry average as a percentage of revenues. This amount excludes capital spending for outsourcing projects like the San Francisco Chronicle, which Transcontinental will start printing in 2009. In 2008, the Corporation invested $273 million in fixed assets.

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