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Article: Sun Life Financial reports record operating EPS, up 12.3% over Q3 2004; Operating ROE hits 13.1%
- Article from:
- CCNMatthews Newswire
- Article date:
- October 27, 2005
CopyrightCopyright 2005 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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TORONTO, ONTARIO--(CCNMatthews - Oct. 27, 2005) - Sun Life
Financial Inc. (TSX:SLF)(NYSE:SLF) -today announced record operating
earnings per share (EPS) of $0.82 for the quarter ended September 30,
2005, up 12.3%, or 18% in constant currency over the third quarter of
2004. Operating return on equity (ROE) grew to 13.1% for the quarter,
up from 11.9% in 2004. Operating earnings exclude a $51 million after-
tax charge to earnings related to the sale of Administradora de
Fondos de Pensiones Cuprum S.A. (Cuprum). Including this charge, EPS
were $0.74 for the quarter and ROE for the third quarter of 2005 was
11.7%.
"Our activity this quarter reflects our continued focus on
building a sizeable ...