Third-quarter earnings at Janus Capital Group crept up slightly from a year ago, but much of the gain was due to the exclusion of certain key figures.

While the earnings of $51.3 million represented an increase from $50.9 million last year, the company excluded an $8.2 million facility charge, a $3.6 million after-tax loss stemming from the sale of a subsidiary and $25 million worth of income tax credits. Not counting the above items, Janus’ earnings dipped to $34.2 million, a 45% drop from $62.4 million last year.

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