KKR & Co Inc said on Monday its after-tax distributable earnings rose 15per cent year-on-year in the fourth quarter, driven by growth in management and transaction fees from its capital markets business.
KKR's after-tax distributable earnings – the cash used to pay dividends to shareholders – rose to US$431 million from US$375.1 million a year earlier. This translated to DE per share of 49 cents, surpassing the average analyst estimate of 41 cents, according to data from Refinitiv.Last month, KKR rival Blackstone Group Inc reported a 60per cent rise in fourth-quarter distributable earnings, while Carlyle Group Inc said last week its earnings climbed 38per cent year-on-year.
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