Transcontinental Reports Gains for Fiscal Year Despite Q4 Loss

Financial Highlights
For the 12-month period ended October 31, 2008, consolidated revenues rose 4%, from $2.33 billion to $2.43 billion. Adjusted operating income before amortization also rose 4%, from $350.4 million to $364.5 million. Excluding the exchange rate effect between the Canadian dollar and its U.S. and Mexican counterparts, which reduced revenues by $47.9 million and adjusted operating income before amortization by $11.7 million, revenues would have grown 7% and adjusted operating income before amortization would have grown 7% as well.