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Brookfield Asset Management Sees Profit Drop in First Quarter

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Brookfield Asset Management News

Bloomberg,Brookfield Corp.

(Bloomberg) -- Brookfield Asset Management reported a decline in first-quarter profits but notched growth in its fee-related earnings. Most Read from...

One Out of Every 24 New York City Residents Is Now a MillionaireDistributable earnings were $547 million, or 34 cents a share, the Toronto-based company said Wednesday in a statement. That’s in line with the average estimate of analysts in a Bloomberg survey and down from $563 million in the same three months a year earlier.Brookfield was spun out from parent Brookfield Corp.

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