Power Corp. of Canada (POW.TO) Wednesday said fourth-quarter profit attributable to common shareholders plunged to C$278 million or C$0.39 per share from C$533 million or C$0.75 per share in the same quarter last year.
Net earnings attributable to participating shareholders totaled C$82 million or C$0.18 per share, compared to C$314 million or C$0.68 per share last year.
Operating earnings attributable to common shareholders dropped to C$406 million or C$0.57 per share from C$422 million or C$0.60 per share last year.
Operating earnings attributable to participating shareholders totaled C$222 million or C$0.48 per share, compared to C$241 million or C$0.52 per share last year.
On average, seven analysts polled by Thomson Reuters expected the company to earn C$0.54 per share for the quarter. Analysts' estimates typically exclude special items.
The company's Board of Directors have declared a quarterly dividend of $0.29 per share on the participating preferred shares and subordinate voting shares of the corporation, payable March 28, to shareholders on record March 22.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.