Canadian-based financial services group Manulife Financial Corp. concluded 2013 with profits of $3.1 billion, up 73 percent to the $1.8 billion it recorded in 2012.

A disclosure to the local bourse showed that Manulife realized $1.3 billion in net income attributed to shareholders for the fourth quarter of 2013, closing the year with a $3.1-billion overall profit. This result is higher compared to the $1 billion and $1.8 billion the company recorded for the corresponding periods in 2012.

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