Yel­low Pages rings up Q3 profit

The Standard (St. Catharines) - - Business -

MON­TREAL — Yel­low Pages Ltd. says it swung to a profit in the third quar­ter de­spite a sub­stan­tial drop in rev­enues. The Mon­treal-based dig­i­tal me­dia and mar­ket­ing com­pany says it earned $27.1 mil­lion, or 89 cents per di­luted share for the pe­riod that ended Sept. 30, com­pared with a loss of $7.2 mil­lion or 27 cents per share a year ear­lier. The com­pany says its quar­terly turn­around was due to re­duc­tions in its cost struc­ture, in­clud­ing from work­force re­duc­tions, re­duced of­fice space, lower over­all spend­ing, as well as gains from the sale of as­sets and a $18.3 mil­lion re­ver­sal in in­come tax pro­vi­sions from pre­vi­ous tax years.

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