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UPDATE 1-Altus Group falls to loss in Q1


* Q1 loss C$0.1 mln vs profit C$0.1 mln yr ago * Units of co down 4 pct May 10 (Reuters) - Real estate consulting firm Altus Group Income Fund posted a quarterly loss on higher costs, sending its units down 4 percent. For the first quarter ended March 31, the fund reported net loss of C$0.1 million, or breakeven per unit, compared with net earnings of C$0.1 million, or breakeven per unit, last year. Quarterly revenue, however, rose 20 percent to C$60.8 million ($58.35 million), driven by acquisitions made in 2009. Salaries and benefits increased 28 percent to C$36 million due to additional headcount from acquisitions. Units of Altus Group were down 55 Canadian cents at C$13.13 Monday on the Toronto Stock Exchange. ($1=1.042 Canadian dollar) (Reporting by R. Manikandan in Bangalore; Editing by Aradhana Aravindan) Keywords: ALTUSGROUP/ (r.manikandan@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: r.manikandan.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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