Brookfield Investments Corporation Announces 2012 Financial Results
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 04/30/13 -- Brookfield Investments Corporation (TSX VENTURE: BRN.PR.A) reported net income of $48 million, or $0.95 per common share, for the year ended December 31, 2012 compared with $70 million, or $1.52 per common share, in 2011. The decrease in net income is primarily a result of a lower amount of valuation gains in the current year from the company's indirect investment in Canary Wharf Group plc, which is held through Brookfield Europe. This was partially offset by improved earnings from the company's forest product investments, which are benefitting from the ongoing U.S. housing recovery.
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 asset manager focused on property, power and infrastructure 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.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Contacts:
Brookfield Investments Corporation
Derek Gorgi
Vice President and Chief Financial Officer
416-363-9491
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Datum: 30.04.2013 - 17:53 Uhr
Sprache: Deutsch
News-ID 1222119
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Commercial Real Estate
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