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Company News

BRIEF-Transcontinental Reports Q1 EPS Of $0.75

March 1 (Reuters) - Transcontinental Inc:

* ANNOUNCES ITS FINANCIAL RESULTS FOR THE FIRST QUARTER OF FISCAL 2018

* Q1 REVENUE FELL 0.4 PERCENT TO C$501.7 MILLION

* QTRLY EARNINGS PER SHARE $0.75

* QTRLY ADJUSTED EARNINGS PER SHARE $0.63

* FOR MEDIA SECTOR, REVENUES WILL BE AFFECTED IN 2018 BY SALE OF MEDIA ASSETS RELATED TO LOCAL AND REGIONAL NEWSPAPERS

* WILL STOP PRINTING SAN FRANCISCO CHRONICLE IN APRIL 2018 PURSUANT TO A NEW AGREEMENT WITH HEARST

* TRANSCONTINENTAL - EXPECT ORGANIC SALES GROWTH IN PACKAGING DIVISION IN 2018 WILL BE SIMILAR TO 2017

* RENEWED MULTI-YEAR AGREEMENT WITH LOBLAW COMPANIES LIMITED

* EXPECTS U.S. TAX REFORM WILL HAVE POSITIVE EFFECT ON RESULTS FOR REMAINDER OF FISCAL 2018 AND FOR YRS TO COME Source text for Eikon: Further company coverage:

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