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Stock impact report

Brookfield Asset Management reports first-quarter profit down from year ago [Globe and Mail, The (Toronto, Canada)]

Brookfield Corporation Class A Limited Voting Shares (BN) 
The company, which owns a 25 per cent stake in the asset management business that is 75 per cent owned by Brookfield Corp., says its net income in U.S. dollars amounted to 25 cents US per diluted share. The result compared with a profit of US$125-million or 31 cents US per diluted share in the same quarter last year. The asset management business, Brookfield Asset Management, was spun off from Brookfield Corp. in 2022. The full asset management business, which keeps its results in U.S. dollars, reported a profit attributable to the company of US$441-million, down from US$516-million a year earlier. Distributable earnings for the full asset management business for the quarter totalled US$547-million, down from US$563-million in the same quarter last year. Sign up for the Top Business Headlines: Evening Edition Newsletter. An informative summary of the day's top business headlines, features and columns. Explore newsletters Tickers mentioned in this story Study and tra Show less Read more
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