MONTREAL—  Transcontinental finished  its financial year with a 23.6 % drop in fourth-quarter profits even though higher resin costs passed on  and higher revenues. Revenue for the last quarter was $775.8 million, up 18.3 per cent from $655.7 million a year earlier. "I'm very satisfied with the results for fiscal year 2021, said François Olivier, President and CEO of Transcontinental. Excluding the significant negative impact of the rise in the price of resin, the reduction in the Canada Emergency Wage Subsidy and the exchange rate variation, our three sectors delivered excellent operating performance. "In our Packaging Sector, our main engine of long-term growth, demand remains strong. In addition, we continued to invest in our innovation initiatives to meet our customers' sustainability objectives based on the conviction that our sustainable packaging will be a key driver of our long-term growth. "Our Printing Sector posted another quarter of strong organic growth in revenues and generated solid profitability. Growth in the fourth quarter was especially significant for our in-store marketing and book printing activities. Meanwhile, the Media Sector had an exceptional year in terms of both revenues and profitability.