Headlines News
Transcontinental Grows Income in Q2

Adjusted operating income increased 1.8 percent, from $55.9 million to 56.9 million. The company attributes this slight increase to the acquisition of Quad/Graphics Canada, a move the company says has achieved $30 million to date in synergies.

Francois Olivier, Transcontinental’s President and CEO, said the closure of Zellers had a negative impact on its printing sector, offset somewhat by the signing of several multi-year printing contracts worth $200 million. Transcontinental’s Media Sector also faced difficult times, according to Olivier, resulting in “some cost-cutting measures to limit the impact on the Media Sector’s profit margin.”

For the first half of 2013, the company’s revenues were up four percent year-over-year, from $1,010 million to $1,050 million.