TORONTO (Reuters) - Power Corp. of Canada (POWsv.TO: Quote) said on Friday its third-quarter profit rose 6 percent due to contributions from its financial subsidiaries.

Power Corp., a diversified company controlled by Montreal's Desmarais family, had net income of C$242 million, or 52 Canadian cents a share, up from C$228 million, or 50 Canadian cents a share, in the year-earlier period.

Earlier, subsidiary Power Financial Corp. (PWF.TO: Quote) reported a 3.4 percent increase in profit, with stronger performances at its Canadian insurance and mutual fund subsidiaries offset by a one-time charge.

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