07:55 AM EDT, 09/25/2024 (MT Newswires) -- AGF Management (AGF-B.TO) on Wednesday reported higher third-quarter adjusted profit.

Adjusted net income attributable to shareholders was $24.5 million, or $0.37 per adjusted diluted share, compared with $22.9 million, or $0.34 per adjusted diluted share, last year.

The company said adjusted revenue rose to $100 million from $84 million.

Total assets under management increased to $47.6 billion from $40.2 billion, AGF said.

"Amid an uncertain economic backdrop and significant market volatility, we are pleased to see early signs of improvement with positive retail net flows complementing our solid investment performance," said CEO Kevin McCreadie. "This improvement can be attributed to our long-term strategic plan which diversifies our business across asset classes and client channels ensuring we thrive through changing market cycles."

The company will pay a quarterly dividend of $0.115 per share on October 17.