TORONTO — Brookfield Corp. reported distributable earnings of US$2.13 billion in its latest quarter, up from US$1.19 billion in the same quarter last year.
The investment firm, which keeps its books in U.S. dollars, says the result amounted to US$1.35 per share for the quarter ended June 30, up from 75 cents per share a year earlier. Brookfield president Nick Goodman says the company achieved strong financial performance in the second quarter, with cash flows across its asset management, wealth solutions and operating businesses continuing to grow.Brookfield says its net income attributable to shareholders for its second quarter amounted to US$43 million, down from $81 million a year earlier.This report by The Canadian Press was first published Aug. 8, 2024.