Transcontinental Reaps Q2 Profit of C$68.7M

MONTREAL—One year after suffering a C$144.3 million loss, Transcontinental Inc. rebounded strongly with a profit of C$68.7 million in the second quarter of fiscal 2010. Roughly half of the gain was accounted for by the sale of its U.S. direct mail operations to IWCO Direct. It was the fourth straight quarter that the printer reaped an increase in adjusted operating income.