11:34 AM EST - AGF Management Ltd. : posted a 25 percent drop in fourth-quarter profit on Wednesday, due partly to higher expenses related to increased provisions for loan losses at its Trust Company Operations segment. The company, Canada's third-largest publicly traded money manager, reported net income of $21 million, or 23 cents a share, for the three months ending November 30. That compared with earnings of $28 million, or 31 cents a share, in the same quarter in 2005. Total revenue at the Toronto-based firm rose 26 percent to $187.5 million in the quarter from $148.6 million in the comparable quarter in 2005. AGF Management Ltd.
shares T.AGF.B are trading up 24 cents at $27.24.
