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State: 22.04.2025 | 11PM
Thu, 08.08.2024       Power Corporation of Canada
CA7392391016

Readers are referred to the sections Non-IFRS Financial Measures and Forward-Looking Statements later in this release. All figures are expressed in Canadian dollars unless otherwise noted.

MONTRÉAL, Aug. 8, 2024 /CNW/ - Power Corporation of Canada (Power Corporation or the Corporation) (TSX: POW) (TSX: POW.PR.E) today reported earnings results for the three and six months ended June 30, 2024.

Power CorporationConsolidated results for the period ended June 30, 2024

HIGHLIGHTS

POWER CORPORATION

Net earnings from continuing operations [1] for the second quarter of 2024 were $730 million or $1.12 per share [2], compared with $550 million or $0.82 per share in the second quarter of 2023. Adjusted net earnings from continuing operations [1][3][4] were $761 million or $1.17 per share, compared with $842 million or $1.26 per share in the second quarter of 2023.Adjusted net asset value per share [3] was $50.48 at June 30, 2024, compared with $53.53 at December 31, 2023. The Corporation's book value per share [5] was $33.53 at June 30, 2024, compared with $32.49 at December 31, 2023.In 2024, the Corporation has purchased for cancellation 4.9 million subordinate voting shares for a total of $189 million at June 30, 2024.Contribution to net earnings from continuing operations from the publicly traded operating companies was $827 million in the second quarter, compared with $545 million in the second quarter of 2023. Contribution to adjusted net earnings from continuing operations from the publicly traded operating companies was $853 million in the second quarter, compared with $840 million in the second quarter of 2023.
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Power Corporation of Canada
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