* Q2 EPS C$0.61 vs C$1.49 yr-ago
* Analysts had expected C$0.64 EPS (Adds details)
TORONTO, Aug 7 (Reuters) - Power Financial Corp PWF.TO, which controls several insurance and mutual fund companies, reported a sharply lower quarterly profit on Friday
Power Financial, a unit of family-controlled Power Corp of Canada POW.TO, said it had net earnings of C$452 million ($418 million), or 61 Canadian cents a share, for the three months ended June 30. That is down from a profit of C$1.1 billion, or C$1.49 Canadian cents a share, a year earlier.
Analysts had expected earnings of 64 Canadian cents a share, according to Reuters Estimates.
Power Financial controls insurance company Great West Lifeco GWO.TO and mutual fund company IGM Financial IGM.TO.
Shares of Power Financial were up 2.3 percent at C$30.40 in afternoon trade on the Toronto Stock Exchange.
Reporting by Andrea Hopkins