Transcontinental Reports Positive Trend in Q3 Financial Indicators

Adjusted operating income before amortization grew 9.2%, from $82.6 million in 2009 to $90.2 million in 2010, and operating income margin rose from 16.4% to 18.0%. This dual increase is mainly due to the impact of the rationalization measures in 2009, to the contribution from new printing contracts, and to the higher advertising spending by major retailers. During the quarter Transcontinental also recorded positive growth in adjusted operating income, which amounted to $3.2 million, up 6.0%, mainly due to the rationalization measures in 2009 and enhanced operational efficiency across the organization.