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The new logo of Yellow Media Inc. – aforetime Yellow Pages, is apparent on Monday, March 22, 2010 in Montreal. Ryan Remiorz / THE CANADIAN PRESS
MONTREAL — Yellow Pages Ltd. says it swung to a accumulation in the third division admitting a abundant bead in revenues.
The Montreal-based agenda media and business aggregation says it becoming $27.1 million, or 89 cents per adulterated allotment for the aeon concluded Sept. 30, compared with a accident of $7.2 actor or 27 cents per allotment a year earlier.
The aggregation says its annual turnaround was due to reductions in its amount structure, including from workforce reductions, bargain appointment space, lower all-embracing spending, as able-bodied as assets from the auction of assets and a $18.3 actor changeabout in assets tax accoutrement from antecedent tax years.
Yellow bound out 130 sales assembly in September because it accused the abutment of actuality inflexible. It appear a plan in January to cut about 500 jobs beyond Canada.
Quarterly revenues decreased 26 per cent to $130.1 million, from 175.7 actor in the above-mentioned year due to agenda and book acquirement declines and to the auction of publications in the additional and third quarters.
Yellow says net gain from the sales of ComFree/DuProprio and RedFlagDeals.com will be acclimated to pay $115.4 actor in debt.
In accession to the Yellow Pages book directories, its online backdrop accommodate YP.ca, Canada411.ca, 411.ca, Bookenda.com and YP Shopwise.
Companies in this story: (TSX:Y)
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