World Color Press Reports Revenue and Earnings Decline in Second Quarter
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In the second quarter, the Company generated $28.1 million of free cash flow compared to negative free cash flow of $23.3 million in the second quarter of 2008, excluding the proceeds from business disposals. This was largely due to higher cash provided from operating activities.
“During the quarter and year-to-date, we continued to further reduce our cost base and improve efficiencies. These efforts together with our solid customer base and stronger balance sheet will benefit us going forward,” said Mr. Mallette.
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