March 13, 2012 / 11:14 AM / 6 years ago

Transcontinental posts loss on tax provision

March 13 (Reuters) - Transcontinental Inc, Canada’s biggest commercial printer, posted a first-quarter loss on a tax provision.

The company said net loss applicable to participating shares was C$33.3 million ($33.52 million), or 41 Canadian cents a share, compared with a net income applicable to participating shares of C$25.7 million, or 32 Canadian cents a share, a year ago.

On an adjusted basis, the company earned 33 Canadian cents a share.

Revenue fell 4 percent to C$495.9 million.

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