Brookfield Asset Management : Profit, Revenue Fall in 3Q

By Allison Prang

Brookfield Asset Management Inc.'s revenue slumped and profit declined from a year ago.

Brookfield's profit was $172 million for the quarter, down from $947 million a year ago. Earnings were 10 cents a share, down from 61 cents a share.

Funds from operations were 65 cents a share, up from 54 cents a share a year ago.

Revenue fell a little more than 9% from a year ago to $16.25 billion.

Brookfield said it raised $18 billion of private fund capital during the three-month period.

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(END) Dow Jones Newswires

11-12-20 0743ET