March 13, 2008 / 7:54 PM / 10 years ago

Power Corp profit jumps on holdings, items

TORONTO, March 13 (Reuters) - Power Corp of Canada (POW.TO) posted a 21 percent rise in fourth-quarter earnings on Thursday, citing profit growth at its various operating subsidiaries and unspecified one-time items.

    The large Canadian company with stakes in financial services and media firms reported net income of C$350 million ($357 million), or 75 Canadian cents a basic share, for the three months ended Dec. 31.

    That compared with profit of C$289 million, or 62 Canadian cents a share, in the same period a year earlier.

    $1=$0.98 Canadian Reporting by Lynne Olver; Editing by Peter Galloway

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