May 2, 2008 / 2:58 PM / in 9 years

IGM Financial profit flat as sales fall

TORONTO, May 2 (Reuters) - IGM Financial (IGM.TO), the country’s biggest independent mutual fund manager, said on Friday first-quarter profit was essentially flat from the year-earlier period, despite weaker mutual fund sales and declining assets under management.

IGM Financial said it earned C$211.2 million ($207 million), or 79 Canadian cents a share, in the three months ended March 31.

That compared with net income of C$210.5 million, or 79 Canadian cents a share, in the same 2007 period.

$1=$1.02 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