Transcontinental Inc. Announces its Results for the First Quarter of Fiscal 2015


Published: Mar 17, 2015 6:01 a.m. ET

MONTREAL, QUEBEC, Mar 17, 2015 (Marketwired via COMTEX) — (TCL.A)(TCL.B)

Highlights

  • Revenues increased 1.1%.
  • Adjusted net earnings applicable to participating shares grew 36.7%.
  • Increased the dividend per participating share by 6%, to $0.68 per year.
  • Maintained a solid financial position, with a net indebtedness ratio of 1.24x.
  • Announced the sale of consumer magazines produced in Montreal and Toronto to TVA Group Inc. for $55.5 million. The Competition Bureau issued a No Action letter, which clears this transaction. The sale is expected to close in April 2015.

Read more