Compelo Banking is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More

AGF Management Q1 consolidated revenue up

AGF Management, a mutual fund and investment management company, has reported that its first quarter consolidated revenue increased 9.8% to $194.3 million from $177 million in the same quarter of 2007, with both operating segments reporting year-over-year increases.

The EBITDA from continuing operations were $89.5 million for the period ended February 29, 2008, an increase as compared with $80.4 million for the same period in 2007.

The income from continuing operations before taxes for the quarter was up 15.8% to $56.5 million, from $48.8 million for the comparable quarter of 2007. The net income from continuing operations for the period grew 64.6% to $62.7 million or $0.70 per share diluted, compared with $38.1 million or $0.42 per share diluted for the 2007 quarter.

Blake Goldring, chairman and CEO of AGF, said: Continued market volatility impacted sales in the first quarter as investors remained cautious. Despite this, our financial results remained strong, with revenue up 9.8% and income from continuing operations before taxes increasing by 15.8%.