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A favorable tax adjustment helped Transcontinental, one of North America’s largest printers, post higher-than-expected profits this week.
The Montreal-based company reported its fourth-quarter profits rose 16 percent to C$51.6 million ($44.5 million U.S.) because of the positive impact of a C$15.1-million “unusual favorable” income tax adjustment.
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- Companies:
- Transcontinental Inc.
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