Brookfield Asset Management Inc. (BAM/A), the Toronto-based investment firm that manages about $150 billion, said third-quarter profit more than doubled on gains in power generation and commercial-property leasing.
Net income attributable to shareholders rose to $253 million, or 36 cents a share, from $112 million, or 16 cents, a year earlier. Cash flow from operations fell 32 percent to $241 million, the company said today in a statement.
Brookfield, led by Chief Executive Officer Bruce Flatt, focuses on property, infrastructure and renewable power and has sought to buy assets from troubled European companies. The firm raised $6.1 billion in capital in the quarter.
ww.bloomberg.com/news/2011-11-11/brookfield-quarterly-profit-doubles-on-power-generation-gains.html
Showing posts with label Brookfield Asset Management. Show all posts
Showing posts with label Brookfield Asset Management. Show all posts
Friday, November 11, 2011
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