Private equity firm KKR & Co Inc said on Friday its after-tax distributable earnings rose 6per cent year-on-year in the third quarter, driven by growth in management fees and transaction fees from its capital markets business.
After-tax distributable earnings – the cash available for paying dividends to shareholders – rose to US$410.4 million, up from US$388.8 million a year earlier. This translated to DE per share of 48 cents, which exceeded the average Wall Street analyst forecast of 40 cents, according to data from Refinitiv.KKR said the value of its private equity portfolio appreciated by 16per cent during the quarter, while real estate and infrastructure funds rose 6per cent and 10per cent respectively.
Being cancer-stricken and begging CPF Board to repay overdue debt; that which in any case cannot be done as the money had been commingled and funneled to private entity Temasek Holdings for Ho Ching to wager on unviable, untenable and ultimately, invariably doomed gambles
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Blackstone third-quarter earnings rise on strong asset salesBlackstone Group LP said on Wednesday third-quarter distributable earnings rose 9per cent year-on-year, as the world's largest manager of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Blackstone third-quarter earnings up on strong asset salesBlackstone Group LP said on Wednesday its third-quarter distributable earnings rose 9per cent year-on-year, as the world's largest manager of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Samsung Electronics sees profit decline on weaker chip demand after strong third-quarter earningsSamsung Electronics Co Ltd said on Thursday it expects profits to fall in the current quarter after posting its highest operating profit in two ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Samsung Electronics sees profit decline on weak chip demand after strong third-quarter earningsSamsung Electronics Co Ltd said on Thursday it expects fourth-quarter profit to fall due to weak server chip demand and rising smartphone ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Samsung Elec sees profit decline on weak server chip demand after strong third-quarter earningsSamsung Electronics Co Ltd said on Thursday it expects profits to fall in the current quarter after posting its highest operating profit in two ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Carlyle reports better-than-expected third-quarter earningsBuyout firm Carlyle Group Inc reported on Thursday a smaller-than-expected 6per cent drop in third quarter distributable earnings as growth in ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »