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Company: Power Financial Corp.

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Q3 profit surges 70% to $350 million

Firms says acquisition, hedging program reduced Q4 operating profit

The former Power Corp. leader built his firm into one of Canada’s largest conglomerates

Earnings come in below analyst estimates

Higher contribution from Great-West Lifeco; lower contribution from IGM Financial

Revenue up from year ago

Gregory Tretiak to replace Philip Ryan as CFO at Power Financial

  • By: IE Staff
  • April 5, 2012 January 6, 2019
  • 13:30

Re-evaluation of litigation provision by Great-West Lifeco helps

Lower contribution from Great-West Lifeco

Source: The Canadian PressPower Financial Corp. (TSX:PWF) said its net profits plummeted nearly 29 per cent to $323 million in the third quarter due to a litigation charge by its insurance subsidiary.The main operating arm of Montreal-based Power Corp. (TSX:POW) said it earned 42 cents per share for the three months ending Sept. 30, compared […]