Transcontinental Reports Positive Trend in Q3 Financial Indicators

Adjusted net income applicable to participating shares was up 8.2%, from $31.8 million in 2009 to $34.4 million.

In the first nine months of fiscal 2010, consolidated revenues amounted to $1.522 billion versus $1.600 billion in 2009, down 4.9%. Excluding acquisitions, divestitures and closures, the paper effect and exchange rates, organic growth in revenues was 1.1%. Adjusted operating income before amortization rose from $218.8 million in 2009 to $262.3 million in 2010, up an appreciable 19.9%.