June 11, 2009 / 3:42 PM / 9 years ago

UPDATE 1-Transcontinental posts loss as charges hit

* Loss C$1.79/shr vs EPS 45 Canadian cents

* Books restructuring, impairment, goodwill charges

TORONTO, June 11 (Reuters) - Commercial printer Transcontinental Inc (TCLa.TO) (TCLb.TO) posted a quarterly loss on Thursday as a goodwill writeoff and impairment and restructuring charges ate into results.

Transcontinental said it lost C$144.3 million ($131.2 million), or C$1.79 a share, in the second quarter, ended April 30. That was down from a profit of C$36.9 million, or 45 Canadian cents a share, a year earlier.

The latest results included impairment of intangible assets and a goodwill writeoff that totaled C$169 million, the company said. Also, it booked restructuring costs and additional asset impairment of C$27.5 million.

Revenue at Montreal-based Transcontinental fell to C$563.4 million from C$595.1 million.

The company is carrying out a major restructuring of its operations that began in November and featured 1,500 job cuts.

Transcontinental bills itself as the biggest printer in Canada and the sixth-largest in North America. Its shares were up 11 Canadian cents at C$9.25 on the Toronto Stock Exchange shortly after its results were released.

$1=$1.10 Canadian Reporting by Wojtek Dabrowski; editing by Rob Wilson

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