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Onex Corp. reports Q4 loss of $2 million, despite a rise in distributable earnings to $231 million.
Private equity firm Onex Corp. reported a Q4 loss of $2 million, or two cents per diluted share, compared to a $373 million profit in the same quarter last year.
Despite a drop in total net earnings to $47 million, distributable earnings rose to $231 million from $139 million.
Onex manages about $51.1 billion in assets, with $8.3 billion of its own capital.
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Onex Corp. reporta pérdida Q4 de $2 millones, a pesar de un aumento en los ingresos distribuibles a $231 millones.