July 29, 2008 / 2:15 PM / in 9 years

Industrial Alliance profit rises on tax gain

TORONTO, July 29 (Reuters) - Industrial Alliance Insurance and Financial Services Inc (IAG.TO) reported a slightly higher profit in the second quarter, helped in part by an after-tax gain, the company said on Tuesday.

Industrial Alliance, which sells life insurance and manages mutual funds, said net income available to common shareholders was C$63.4 million ($62 million), or 78 Canadian cents a share, in the three months ended June 30.

That compares with C$62.1 million, or 77 Canadian cents a share, in the same quarter of 2007. ($1=$1.03 Canadian) (Reporting by Frank Pingue; Editing by Bernadette Baum)

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