(Brookfield) Brookfield Asset Management Inc. announced a net income of $2.4 billion in the second quarter, from a $1.5 billion loss in the same period last year.
The Toronto Asset Manager’s first half-year net profit was $6.2 billion, up from a net loss of $1.7 billion in the first six months of 2020.
The company reported an increase in revenue to $18.3 billion in the second quarter, from $12.8 billion in the second quarter of 2020.
The first half-year revenue rose to $34.7 billion, from $29.4 billion in the same period last year.
Brookfield’s funds from operations increased to 1.6 billion in the quarter, from $1.16 billion in the second quarter last year.
Distributable earnings increased to $1.2 billion in the quarter, from $1.1 billion in the same quarter last year.
The company’s board announced a dividend of $0.13 per share due to being paid on September 29 for the shares outstanding as of August 31.
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