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Interim Report (Half Year) H2 2018: CI Financial reports 24.5% rise in half yearly Net Profit Corporate Wire Date: 22 September 2018 00:53 EDT

Sep 22, 2018 - News Bites Canadian Markets


CI Financial (TSX:CIX), reported net profit of CAD319m ($US241m) for the half year-ended 30 June 2018, up 24.5% from the year-earlier period.

Major changes compared with previous corresponding period [Year-on-Year]:

Favourable Changes:

- Profit after tax to Sales was up from 25.4% to 28.4%

- EPS growth 23.7% from CAD0.97 (US74.51c) to CAD1.2 (US90.71c)

- Total revenue was up 12.4% from CAD1.0b ($US778.0m) to CAD1.1b ($US860.4m)

- Net pro...