Despite admitting it would take a $60 million pretax charge to pay for improper trade-related costs, Franklin Resources, manager of Templeton’s mutual funds, announced a 58% profit for the quarter.

With net income for the fiscal second quarter of $172.8 million, or 68 cents per share, the company actually earned three cents less than the average prediction by 11 Reuters analysts of 71 cents a share. But still, one year after profiting just $109.6 million, or 43 cents per share for the quarter, the results were welcome.

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