Brookfield Investments Corporation Announces Second Quarter Financial Results
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 08/24/12 -- Brookfield Investments Corporation (TSX VENTURE: BRN.PR.A) reported net income of $9 million or $0.18 per common share for the three months ended June 30, 2012 compared with net income of $2 million or $0.04 per common share for the same period in 2011. Investment income increased by $7 million to $16 million in the current period, primarily due to income earned on the company's investment in Western Forest Products, which was acquired in December 2011, and a higher amount of foreign currency revaluation gains.
Brookfield Investments Corporation holds investments in the property and forest products sectors, as well as a portfolio of preferred shares issued by companies within the Brookfield group. The common shares of Brookfield Investments Corporation are wholly owned by Brookfield Asset Management Inc., a global alternative asset manager with approximately $150 billion in assets under management, with a focus on property, renewable power, infrastructure and private equity assets.
Derek Gorgi, Vice President and Chief Financial Officer, will be available at 416-363-9491 to answer any questions on the company's financial results.
Contacts:
Brookfield Investments Corporation
Derek Gorgi
Vice President and Chief Financial Officer
416-363-9491
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Datum: 24.08.2012 - 15:29 Uhr
Sprache: Deutsch
News-ID 1145257
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Commercial Real Estate
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