Money manager Franklin's quarterly profit up 7 percent

Fri Feb 1, 2013 1:38pm GMT

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Feb 1 (Reuters) - Money manager Franklin Resources Inc , which runs the Franklin and Templeton fund families, said Friday that its quarterly profit rose 7 percent.

Net income for Franklin's fiscal first quarter ended Dec. 31 totaled $516.1 million, or $2.42 per share, compared with $480.8 million, or $2.20 per share, for the same period a year earlier, the San Mateo, California-based firm said.

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