Canadian fund manager AGF's profit rises as expenses fall

Wed Mar 26, 2014 8:22am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

March 26 (Reuters) - Canadian fund manager AGF Management Ltd reported a 10 percent rise in quarterly profit, helped by lower expenses.

The company's net income from continuing operations rose to C$17.1 million ($15.3 million), or 20 Canadian cents per share, in the first quarter ended Feb. 28 from C$15.6 million, or 17 Canadian cents per share, a year earlier.

Revenue from continuing operations fell about 5 percent to C$116.9 million. ($1 = 1.12 Canadian dollars) (Reporting by Ashutosh Pandey in Bangalore; Editing by Kirti Pandey)