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BRIEF-Transcontinental announces its financial results for the first quarter of fiscal 2016

Published 2016-03-09, 12:18 p/m
© Reuters. BRIEF-Transcontinental announces its financial results for the first quarter of fiscal 2016
TCLa
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March 9 (Reuters) - Transcontinental Inc TCLa.TO :
* Announces its financial results for the first quarter of fiscal 2016
* Qtrly adjusted earnings per share $0.53
* Says flyer printing volume is expected to remain stable throughout the remainder of fiscal 2016
* Qtrly revenues $498.9 million versus $489.7 million
* Qtrly earnings per share $0.48
* Says expect to continue generating significant cash flows during the next quarters
* Q1 earnings per share view C$0.45, revenue view C$501.0 million -- Thomson Reuters I/B/E/S
* Advertising market to have a negative impact on magazine, newspaper and marketing product printing activities in 2016
* Increased the dividend per participating share by 9%, or $0.06, raising the annual dividend from $0.68 to $0.74 per share
* Says declared a quarterly dividend of $0.185 per share on class a subordinate voting shares and class b shares

* Source text for Eikon Further company coverage TCLa.TO

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