Brookfield Investments Corporation Announces First Quarter 2015 Financial Results
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 05/22/15 -- Brookfield Investments Corporation (TSX VENTURE: BRN.PR.A) (the "company") reported net income of $2 million or $0.03 per common share for the three months ended March 31, 2015 compared to $90 million or $1.80 per common share in the prior year quarter. The 2014 quarter included $90 million of disposition gains generated on the sale of securities. Net income in the current quarter benefited from an increased level of dividend and interest income, however, this was partially offset by the impact of foreign currency revaluation of non-U.S. dollar investments.
Comprehensive income, which consists of net income and other comprehensive income, was $122 million for the three months ended March 31, 2015 compared to a loss of $67 million in the same period of 2014. Other comprehensive income was $120 million during the quarter, compared to a loss of $157 million in the first quarter of 2014. The current period reflects favourable market performance of the company''s investment portfolio relative to the prior year.
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. Brookfield Asset Management Inc. is a global alternative asset manager with over $200 billion in assets under management, has more than a 100-year history of owning and operating assets with a focus on property, renewable power, infrastructure and private equity and is co-listed on the New York and Toronto Stock Exchanges under the symbol BAM and BAM.A, respectively.
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: 22.05.2015 - 14:31 Uhr
Sprache: Deutsch
News-ID 1360921
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