Thursday, May 10, 2007

UPDATE 1-Power Corp. of Canada profit surges 43 pct

(Reuters) - The financial services and media holding company reported net income of C$363 million , or 77 Canadian cents a diluted share, for the three months ended March 31. That was up from C$254 million, or 54 Canadian cents a share, in the year-ago period.

Power Corp. also raised the dividend on its subordinate voting shares and participating preferred shares by 22 percent, to 24.125 Canadian cents a share.


Read more at Reuters.com Market News

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