Power Financial Corporation has reported that its operating earnings for the year ended December 31, 2007 were $2.08 billion, or $2.84 per share, up 15% compared with $1.80 billion, or $2.46 per share in 2006.
Operating earnings for the fourth quarter ended December 31, 2007 were $500 million, or $0.68 per share compared with $472 million, or $0.65 per share in the same period in 2006, which represents a 6% increase on a per share basis.
Net earnings for the quarter were $532 million, or $0.73 per share compared with $474 million, or $0.65 per share for the corresponding period in 2006.