Brookfield Asset Management posts profit of $678 million in 4th quarter

TORONTO – TORONTO (AP) _ Brookfield Asset Management Inc. (BAM) on Friday reported fourth-quarter earnings of $678 million.

On a per-share basis, the Toronto-based company said it had net income of 67 cents.

The asset management company posted revenue of $5.54 billion in the period.

For the year, the company reported profit of $2.34 billion, or $2.32 per share. Revenue was reported as $19.91 billion.

Brookfield Asset Management shares have dropped 13 per cent since the beginning of the year. The stock has fallen 22 per cent in the last 12 months.


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Keywords: Brookfield Asset Management, Earnings Report