Power Corporation of Canada POW-T says its net earnings for the third quarter were $371-million.
That’s down from $975-million during the third quarter of 2023.
The Montreal-based management and holding company says net earnings per share were 58 cents, down from $1.47 during the same quarter last year.
Adjusted net earnings from continuing operations were $542-million, compared with $1.01-billion a year earlier.
Power Corp., which holds a 68.2 per cent interest in Great-West Lifeco, says that company’s net earnings from continuing operations were $859-million, down from $936-million during the same quarter last year.
Power Corp. holds a 62.5 per cent stake in IGM Financial Inc. and says that company’s net earnings for the quarter were $239.2-million, up from $209.8-million.
