Transcontinental Reports Gains for Fiscal Year Despite Q4 Loss

In the fourth quarter, Transcontinental’s consolidated revenues rose 6% to $653 million, versus $618 million in the same quarter in 2007. Adjusted operating income before amortization increased 8%, from $100.6 million to $108.7 million. Excluding the fluctuations in the exchange rate between the Canadian dollar and its U.S. and Mexican counterparts, which raised revenue by $1.6 million and adjusted operating income before amortization by $2.1 million, revenue growth would have been 5% and adjusted operating income before amortization would have been 6%.