Friday, June 1, 2007

UPDATE 1-Laurentian Bank profit falls after 2006 tax boost

(Reuters) - Laurentian, the country's eighth-biggest bank by market
value, posted net income of C$20.7 million , or
75 Canadian cents a share, for the three months ended April 30.
That compared with net income of C$24.6 million, or 91 Canadian
cents a share, in the same 2006 period, when tax-related issues
added 45 Canadian cents a share to earnings.




Analysts surveyed by Reuters Estimates had expected
per-share earnings of 63 Canadian cents in the latest quarter,
before exceptional items.


Read more at Reuters.com Market News

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