May 14, 2012 / 3:57 PM / 5 years ago

Power Financial profit flat in first quarter

May 14 (Reuters) - Canadian financial services company Power Financial reported a flat quarterly profit on Monday as higher insurance earnings were offset by slower sales of mutual funds.

The Montreal-based company said it earned C$372 million ($372 million), or 52 Canadian cents a share, in the first quarter, compared with C$370 million, or 52 Canadian cents a share, in the year-before period.

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