Transcontinental has announced its second quarter results in which the company saw an increase in operating income of 18 percent over the same period in 2009.
“I am very satisfied with our second quarter results and the performance of the past four quarters, which have all been higher than the previous comparable quarters,” said François Olivier, President and Chief Executive Officer of Transcontinental. “We are systematically building the new Transcontinental by accompanying our customers with marketing strategies based on advertising personalization and the new communication platforms, while strengthening our traditional core business, which still provides extremely effective marketing tools. This strategy, combined with our employees’ efforts to innovate and improve every day, will allow us to take full advantage of the opportunities that are opening up in our niches.”
The company generated 4-percent less revenues from the same quarter of 2009, earning $510 million in Q2 2010. Profits for the second-quarter was $68.7 million, about half of which comes from discontinued operations, compared to a loss of $144.3 million a year earlier.
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