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Power Financial reports CDN1.22m Q4 increase in operating earnings.

BANKING AND CREDIT NEWS-March 20, 2015-Power Financial reports CDN1.22m Q4 increase in operating earnings

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Power Financial Corporation (TSX: PWF) said fourth quarter results for year ended December 31, 2014 included CDN525 million in operating earnings or CDN0.74 per share, compared with CDN403 million of CDN0.57 per share in 2013.

The company said fourth quarter net earnings attributable to common shareholders were CDN506 million or CDN0.71 per share, compared with CDN593 million or CDN0.84 per share in 2013.

?Operating earnings attributable to common shareholders for the full year ended December 31, 2014 were CDN2,105 million or CDN2.96 per share, compared with CDN1,708 million or CDN2.40 per share in 2013. Net earnings attributable to common shareholders were CDH2,136 million or CDN3.00 per share, compared with CDN1,896 million or CDN2.67 per share in 2013.

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Publication:M2 Banking & Credit News (BCN)
Article Type:Financial report
Date:Mar 20, 2015
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