Source: The Canadian Press

Western Financial Group (TSX:WES) reported Wednesday a third-quarter profit of $5.1 million, up from a year-earlier $4.1 million, as revenue for the three months ended Sept. 30 jumped to $60.3 million from $40 million.

The insurance and financial services firm based in High River, Alta. said its earnings amounted to six cents per share, unchanged from the prior-year period.

“At this moment, with our traditionally strongest quarter ahead of us, we remain confident we are on track for all our key measurements above,” president and CEO Scott Tannas said in a statement.

“Our optimism is tempered by continued modest growth in the economy in the West. We continue to be cautious with cash management, expense control, and capital allocation.”

Western provides insurance and financial services in Western Canada.

Shares in the company were up four cents at $2.61 in mid-morning trading on the Toronto Stock Exchange.