Power Financials thirdquarter profit slips 5 to 434million

MONTREAL — Power Financial Corp.’s third-quarter profit was down slightly from a year ago, dropping about 5% to $434-million.The Montreal-based company says its net income dropped to 61 cents per share in the three months ended Sept. 30, from $458-million or 65 cents a year earlier.Excluding costs associated with the purchase of Irish Life by its Great-West Lifeco subsidiary, Power Financial’s operating earnings were $476-million or 67 cents per share.

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