CORRECTED-Power Financial profit falls short of expectations

Wed Mar 13, 2013 6:42pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

(In today's story, corrects year-earlier adjusted earnings per share in second paragraph, adds "operating earnings" in lead for Great-West)

TORONTO, March 13 (Reuters) - Canada's Power Financial Corp said on Wednesday profit fell in the fourth quarter as earnings at its IGM Financial mutual funds unit dipped and operating earnings at its Great-West Lifeco insurance unit were little changed.

The Montreal-based company said it had operating earnings of C$406 million ($396 million), or 57 Canadian cents a share, down from C$422 million, or 60 Canadian cents, in the same quarter a year earlier.

($1 = 1.0254 Canadian dollars) (Reporting by Andrea Hopkins; Editing by Frank McGurty and Bob Burgdorfer)