Lower interest rates and the cost of acquisitions has led to a lower profit for Manulife Financial in its second quarter.
Lower interest rates and the cost of acquisitions has led to a lower profit for Manulife Financial in its second quarter. Net profit was down to $600 million (29 cents per share) from $943 (49 cents per share) a year earlier but core earnings met expectations of $902 million (44 cents per share) up from $701 million (36 cents per share).
