1Q profit at Brookfield Asset Management declines to $102m from $125m in the same quarter last year.
Brookfield Asset Management reports a 1Q profit of $102m, down from $125m in the same quarter last year. The company's net income in USD amounted to 25 cents US per diluted share, with distributable earnings for the full asset management business totalling $547m, a decrease from $563m in the previous year's first quarter. The asset management business, spun off from Brookfield Corp. in 2022, saw its profit attributable to the company drop to $441m from $516m a year earlier.
May 08, 2024
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