Power Corp Of Canada (TSE:POW) has released an update.
Power Corporation of Canada has reported a significant increase in their fourth quarter and full-year 2023 financial results, with net earnings from continuing operations jumping to $409 million from $106 million in the previous year’s quarter, and adjusted net earnings rising to $579 million. Additionally, the company has raised its dividend by 7.1% and seen a substantial 27.7% increase in adjusted net asset value per share to $53.53. The financial growth was complemented by strategic acquisitions, share buybacks, and an expansion of their alternative asset investment platforms.
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