Brookfield Asset Management reports Q2 profits..

On Friday 7th August, 2015, the Toronto, Canada based company Brookfield Asset Management (NYSE: BAM, TSX: BAM.A, Euronext: BAMA) reported $1.2 billion net income, or 0.62 per share. Net income for the six months increased by 10% to $2.6 billion and on a last twelve months (“LTM”) basis, increased by 15% to $5.4 billion.

Funds from operations (“FFO”) for Brookfield shareholders during the quarter totalled $520 million, or $0.50 per share.

Fee bearing capital increased to approximately $100 billion at quarter end; net inflows totalled $15 billion over the last twelve months, including $5 billion in the current quarter. Fee related earnings grew by 44% to $127 million in the quarter, as fees were earned on a higher capital base with relatively small increases in related costs.

The Board declared a quarterly dividend of US$0.12 per share (representing US$0.48 per annum), payable on September 30, 2015 to shareholders of record as at the close of business on August 31, 2015.

Brookfield Asset Management Inc. is a global alternative asset manager with over $200 billion in assets under management. The company has more than a 100-year history of owning and operating assets with a focus on property, renewable energy, infrastructure and private equity. Brookfield offers a range of public and private investment products and services, and is co-listed on the New York, Toronto and Euronext stock exchanges under the symbol BAM, BAM.A and BAMA, respectively. For more information, please visit our website at www.brookfield.com.

Sources: nasdaq, www.brookfield.com

 

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