Transcontinental Sees Strong Improvement in Profitability

Adjusted net income applicable to participating shares was up 14%, from $30.0 million in 2009 to $34.3 million in 2010. On a per-participating share basis, adjusted net income applicable to participating shares also increased 14%, from $0.37 to $0.42.

Lastly, adjusted operating income margin before amortization was up appreciably, from 14.5% in 2009 to 17.8% in 2010. The increase is mainly due to the full impact of the rationalization measures implemented in 2009 and continuous improvement in operational efficiency.