Power Corporation Reports Second Quarter 2023 Financial Results

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Net earnings^[2] were $501 million or $0.75 per share^[3] for the second quarter of 2023, compared with $601 million or $0.89 per share in 2022.
Adjusted net earnings^[2][4] were $847 million or $1.27 per share, compared with $647 million or $0.97 per share in the second quarter of 2022.
Adjusted net asset value per share^[4] was $48.86 at June 30, 2023, compared with $41.91 at December 31, 2022, an increase of 16.6%. The Corporation’s book value per participating share^[5] was $31.43 at June 30, 2023, comparable with December 31, 2022.
In 2023, the Corporation purchased for cancellation 3.5 million subordinate voting shares for a total of $123 million as at June 30, 2023.
Contribution to net earnings from the publicly traded operating companies was $496 million in the second quarter of 2023, compared with $669 million in 2022.
Contribution to adjusted net earnings from the publicly traded operating companies was $842 million in the second quarter of 2023, compared with $715 million in 2022.

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