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Brookfield Asset Management Q3 net income drops

Posted on: Tue, 10 Nov 2009 09:44:00 EST

Symbols: BAM

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Nov 10, 2009 (Datamonitor via COMTEX) --
BAM | Quote | Chart | News | PowerRating -- Brookfield Asset Management has reported a net income of $112 million, or $0.17 per share, for the third quarter ended September 30, 2009, compared to $171 million, or $0.27 per share, for the third quarter ended September 30, 2008.

Total revenues for the third quarter of 2009 were $3 billion, compared to $3.22 billion for the third quarter of 2008.

For the first nine months ended September 30, 2009, net income was $352 million, or $0.56 per diluted share, compared to $478 million, or $0.76 per diluted share, for the first nine months ended September 30, 2008.

Total revenues decreased to $8.62 billion for the first nine-month period of 2009 from $9.86 billion for the year-ago period.

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