Winnipeg Free Press
By: The Canadian Press
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MONTREAL - Transcontinental Inc. says its net income attributable to shareholders surged to $35.6 million in the second quarter as its printing sector marked the first organic growth since the beginning of the pandemic.
A TC Transcontinental sign is pictured at the company's annual general meeting in Montreal on March 11, 2014. THE CANADIAN PRESS/Graham Hughes
MONTREAL - Transcontinental Inc. says its net income attributable to shareholders surged to $35.6 million in the second quarter as its printing sector marked the first organic growth since the beginning of the pandemic.
The Montreal-based packaging and printing company says it earned $35.6 million, up nearly 39 per cent from $25.7 million a year earlier. It included $7.5 million from the Canada Emergency Wage Subsidy, down from $8.2 million in the second quarter of 2020.