AGF Management FQ2 Profit Drops 24%

AGF Management Ltd

reported a 24% drop in its fiscal second-quarter profit. AGF Management earned C$50.3 million ($48.92 million) from continuing operations, versus C$66.2 million, in the year-ago period. Its earnings per share came in at 25 Canadian cents, versus 35 Canadian cents. Its earnings per share from continuing investment management operations came in at 17 Canadian cents per share. However, analysts were expecting earnings of 28 Canadian cents per share. However, assets under management declined 16.6% to C$43.2 billion