Western Financial Group today reported a jump in second quarter profit reflecting continuing strong performance from the business units.

Western said, net income for the quarter ended June 30 was $1.5 million, or 6¢ a share, compared with $989,000, or 5¢ a share, one year ago.

Revenue for the quarter was $17.5 million, up form $10.7 million a year ago.

Western said the WFG Agency Network remains strong and continues to provide the stable base for distribution of a growing number of products, with increased activity in cross sales of business unit products The same-store customer count is ahead of last quarter.

At Western’s Bank West unit, Loans grew $23.2 million in the first six months of 2005 and revenue increased to $371,000 or 42.1% compared to the same period in 2004.

With offices in towns and small cities across Western Canada, the company provides more than 200,000 customers with insurance, investment and banking products through WFG Agency Network, Western Life, Bank West and The Western Mutual Fund Co.