February 20, 2008 / 6:59 PM / in 10 years

CI Financial fourth-quarter profit jumps 25 percent

TORONTO, Feb 20 (Reuters) - CI Financial Income Fund CIX_u.TO reported a 25 percent increase in fourth quarter profit on Wednesday, driven by growth in fee-earning assets.

Canada’s third-largest mutual fund company posted earnings of C$187.7 million ($184 million), or 66 Canadian cents a unit, for the three months ended Dec. 31. That compares with C$149.9 million, or 53 Canadian cents a share, in the same period a year earlier.

$1=$1.02 Canadian Reporting by Lynne Olver; Editing by Peter Galloway

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