Skip to main content

Brookfield Asset Management CEO Bruce Flatt attends the company's AGM, in Toronto, on May 6, 2015.Chris Young/The Canadian Press

Brookfield Asset Management Inc. reported its third-quarter more than quadrupled compared with a year ago, boosted by continued growth and investment performance across its business.

The alternative asset manager, which keeps its books in U.S. dollars, says it earned a profit attributable to shareholders of US$797-million or 47 cents per diluted share for the quarter ended Sept. 30.

The result compared with a profit of US$172-million or 10 cents per diluted share in the same quarter last year.

Revenue totalled US$19.25-billion, up from US$16.25-billion a year ago.

Funds from operations totalled US$1.41-billion or 85 cents per share in the quarter, up from US$1.04-billion or 65 cents per share in the same quarter last year.

Distributable earnings rose to US$1.24-billion compared with US$890-million a year ago.

Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. Sign up today.

Report an error

Tickers mentioned in this story