Power Corp Of Canada (TSE:POW) has released an update.
Power Corporation of Canada announced a strong start to 2024, with net earnings from continuing operations more than doubling to $758 million in the first quarter, from $326 million in the same period last year. The company also reported a slight decrease in its adjusted net asset value per share, while notably buying back 2.5 million shares for $97 million. Additionally, contributions to net earnings from its publicly traded operating companies increased, and the firm highlighted strategic investments and partnerships intended to expand its sustainable investment offerings.
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