February 12, 2010 / 4:27 PM / 8 years ago

UPDATE 1-IGM Financial fourth quarter profit up 25 percent

* Q4 adjusted EPS C$0.67

* Analysts’ forecast EPS C$0.66

* Assets under management C$120.5 bln at Dec. 31

TORONTO, Feb 12 (Reuters) - IGM Financial Inc (IGM.TO), Canada’s No. 2 mutual fund company, said on Friday its fourth quarter profit, adjusted for one-time charges and gains, rose 25 percent to C$176.5 million ($168 million).

Winnipeg, Manitoba-based IGM said adjusted earnings were 67 Canadian cents a share compared with 53 Canadian cents a share a year earlier.

Analysts polled by Thomson Reuters I/B/E/S had expected, on average, a profit of 66 Canadian cents a share.

    Net income before adjustments for the three months ended Dec. 31 was C$113.7 million, compared with C$79.8 million a year earlier, IGM said.

    The company said total assets under management at Dec. 31 were C$120.5 billion, up from C$101.7 billion at Dec. 31, 2008.

    Mutual fund assets under management at Dec. 31 were C$57.7 billion compared with C$47.5 billion a year earlier.

    $1=$1.05 Canadian Reporting by Pav Jordan; editing by Rob Wilson

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