AGF Management Ltd. reported a profit of $14.7 million in its second quarter (Q2) of fiscal 2015, ended May 31, up from $14.5 million in Q2 2014 despite lower revenue.

The mutual fund and wealth-management company said the profit amounted to 17¢ per diluted share in Q2, on par with 17¢ per diluted share in Q2 2014.

Revenue from continuing operations totalled $117.1 million compared with $119.1 million year-over-year.

AGF (TSX:AGF.B) said its assets under management (AUM) totalled $36 billion as of May 31, compared with $35.9 billion year-over-year.

Total retail fund AUM dipped to $19.4 billion as of May 31 compared with $19.7 on May 31, 2014.

Institutional and subadvisory AUM totalled $11.7 billion as at May 31, compared with $12 billion a year ago.

AGF also declared a dividend of 8¢ per share on both its Class B non-voting shares and the Class A voting common shares. The dividend will be payable on July 17 to shareholders of record as of July 9.