August 5, 2011 / 8:14 PM / 7 years ago

UPDATE 1-Power Corp profit doubles, paced by financial unit

TORONTO, Aug 5 (Reuters) - Power Corp of Canada (POW.TO) said on Friday its second-quarter profit more than doubled, topping estimates, due to a stronger contribution from its financial subsidiary.

    Power, the parent company of Power Financial (PWF.TO), earned C$356 million ($363 million), or 77 Canadian cents a share, up from C$165 million, or 36 Canadian cents a share, in the year-before period.

    Analysts polled by Thomson Reuters had expected, on average, a profit of 59 Canadian cents a share.

    $1=$0.98 Canadian Reporting by Cameron French; editing by Peter Galloway

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below