Proactiveinvestors recommends
Additional Information
Market: TSX
Sector: Financial
EPIC: POW
Latest Price: 28.78  (0.74% Ascending)
52-week High: 29.21
52-week Low: 22.01
Market Cap: 11,835.00M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Power Corporation of Canada
www.powercorporation.com

Incorporated in 1925, Power Corporation of Canada is a diversified international management and holding company with interests in companies that are active in the financial services, communications and other business sectors.Power Corporation holds the controlling interest in Power Financial Corporation and a 100% interest in Gesca and PTIC.

Full Power Corporation of Canada profile here
Pdf

Power Corp of Canada Q1 profit up 15%

15th May 2012, 2:27 pm by Brad Lemaire
Power Corp of Canada Q1 profit up 15%

Holding company Power Corporation of Canada (TSE:POW) said first-quarter earnings attributable to shareholders grew 15 percent, and also declared a quarterly dividend.

Net earnings attributable to shareholders for the three-month period that ended March 31 were $264 million or $0.57 per share, compared with $216 million or $0.47 per share, in the corresponding period in 2011.

The company benefited from a $30 million gain realized by Groupe Bruxelles Lambert on the partial sale of wine and spirits producer Pernod Ricard shares, and $28 million on the disposal of shares of Arkema, a French chemicals producer.

Revenue totalled $7.22 billion, up slightly from $7.03 billion.

Shares rose two cents, or 0.08 percent reaching $24.54 each in trade on the Toronto Stock Exchange.

Power Corporation of Canada is a diversified management and holding company that holds interests, directly or indirectly, in companies that are active in the financial services, communications and other business sectors.

In the latest quarter, subsidiaries contributed $244 million to operating earnings, the company said.  That is down by 1.6 percent from $248 million a year-earlier.

The company’s subsidiary, Power Financial – whose primary business is insurance and mutual funds – netted net profits attributable to common shareholders of $455 million, or 64 cents per share, up from the $370 million, or 52 cents a share, in 2011.

Power Corp.’s board also declared a quarterly dividend of 29 cents per share on participating preferred and subordinating voting shares. The payout will be given to shareholders on June 29.

No investment advice


Proactive Investors North America Inc, trades as "Proactiveinvestors USA & Canada".


You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.


You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.


From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.


You understand that we may be providing advertising and/or marketing services to companies mentioned on the site. A full list of companies that are paying for services from us, or our affiliated companies in the UK and Australia can be viewed here