TORONTO - Brookfield Asset Management Inc. reported a profit in its latest quarter compared with a loss a year ago. The asset manager, which keeps its books in U.S. dollars, reported US$816 million or 49 cents per share in net income attributable to common shareholders. The result compared with a loss of US$656 million or 43 cents per share in the same quarter last year. Funds from operations totalled US$1.6 billion or US$1.01 per share for the quarter, up from nearly US$1.2 billion or 73 cents per share a year ago. Distributable earnings rose to US$1.2 billion, up from nearly US$1.1 billion in the same quarter last year.

Source: thestar August 12, 2021 12:22 UTC