December 15, 2009 / 4:36 PM / 9 years ago

UPDATE 1-Canada's Transcontinental Q4 profit tops market

* Q4 Revenue falls 9 pct

* Says new contracts, educational printing help Q4

* Shares rise 4 pct

Dec 15 (Reuters) - Canada’s biggest commercial printer Transcontinental Inc (TCLa.TO) (TCLb.TO), posted a better-than-expected quarterly profit, helped by start of major printing contracts and better performance of educational book publishing and door-to-door distribution operations.

For the fourth quarter ended Oct. 31, the company posted a net income of C$43.1 million, or 53 Canadian cents a share, compared with a loss of C$94.3 million, or C$1.17 a share, a year earlier.

Consolidated revenue fell 9 percent to C$594 million.

Excluding items, the company posted an adjusted net income of C$53.7 million, or 66 Canadian cents a share.

Analysts on average had expected earnings of 56 Canadian cents a share, before special items, on revenue of C$610.1 million, according to Thomson Reuters I/B/E/S.

Class A shares of the Montreal-based company were up 4 percent, or 50 Canadian cents, at C$13 in Tuesday morning trade on the Toronto Stock Exchange. (Reporting by Koustav Samanta in Bangalore; Editing by Gopakumar Warrier)

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