May 6, 2010 / 10:16 PM / in 7 years

UPDATE 1-Gluskin Sheff's Q3 profit jumps 28 pct

* Q3 EPS C$0.17 vs C$0.14 yr ago

* Revenue up 36 pct to C$19.6 mln

May 6 (Reuters) - Canadian wealth manager Gluskin Sheff + Associates Inc (GS.TO) reported a 28 percent jump in quarterly profit, buoyed by higher base management fees.

For the third quarter March 31, net income was C$5.2 million ($4.94 million), or 17 Canadian cents per share, compared with C$4.1 million, or 14 Canadian cents per share, a year ago.

Revenue rose 36 percent to C$19.6 million.

Base management fees were up 35 percent at C$19.3 million.

Analysts on average were expecting the company to earn 20.8 Canadian cents per share, on revenue of C$20.1 million, according to Thomson Reuters I/B/E/S.

Shares of the Toronto-based company closed at C$21.63 Thursday on the Toronto Stock Exchange. ($1=1.053 Canadian Dollar) (Reporting by Abhiram Nandakumar in Bangalore; Editing by Aradhana Aravindan)

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