AGF Management Ltd. reported on Wednesday a higher third-quarter profit as revenue rose slightly from a year earlier.

The Toronto-based mutual fund firm said in a statement net income in the quarter ended Aug. 31 was $30.7 million, or 34¢ a share, up from $25.9 million, 28¢ a share, in the year-before quarter.

Revenues in the quarter rose to $163.8 million from $163.2 million in the same quarter of the previous year.

“AGF continues to move aggressively to navigate difficult markets and broaden the scope of our business,” said Blake Goldring, president and CEO of AGF, in a news release.

Mutual fund assets under management stood at $24.41 billion as at August 31.

The firm declared a quarterly dividend of 6.5¢ per share.