June 25, 2008 / 12:19 PM / 9 years ago

Profit falls at fund manager AGF Management

TORONTO (Reuters) - Profit at AGF Management Ltd AGFb.TO fell nearly 18 percent in the second quarter while revenue declined amid global stock market volatility, the asset management company said on Wednesday.

AGF, Canada's third largest publicly traded fund manager, said net income was C$44 million in the three months ended May 31, or 49 Canadian cents a share, compared with C$53.6 million, or 59 Canadian cents a share in the same period the year before.

($1=$1.01 Canadian)

Reporting by Leah Schnurr; Editing by Scott Anderson

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