Guardian Cap Cl A NV (TSE:GCG.A) has released an update.
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Guardian Capital Group Limited reported a significant increase in net revenue for the third quarter of 2024, reaching $98.1 million, compared to $62.6 million in the same period last year. Despite a decrease in operating earnings, the company achieved notable net gains of $40 million, a substantial turnaround from previous losses. The acquisition of Sterling Capital Management highlights Guardian’s strategic expansion and enhances its investment management capabilities.
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