Second Quarter | Brookfield’s Distributable Profit Up

(Toronto) Brookfield reported distributable income of US$2.13 billion in its latest quarter, up from US$1.19 billion in the same quarter last year.


The investment firm, which reports in U.S. dollars, said earnings rose to $1.35 per share for the quarter ended June 30, compared with 75 cents per share a year earlier.

Brookfield President and CEO Nick Goodman said the company delivered strong financial performance in the second quarter, with cash flow in its asset management, wealth solutions and operating businesses continuing to grow.

Mr Goodman says this momentum is expected to continue through the end of 2024 and beyond.

Brookfield said its net income attributable to shareholders for its second quarter was US$43 million, down from US$81 million for the same period in 2023.

Assets within its asset management business have reached approximately US$1 trillion.


source site-55

Latest