logo
Share SHARE
FONT-SIZE Plus   Neg

Brookfield Residential Properties Turns To Profit In Q1 - Quick Facts

Canada-based Brookfield Residential Properties Inc. (BRP: Quote,BRP.TO: Quote) posted first-quarter net income attributable to the company of $1 million, or $0.01 per share, compared to a net loss of $56.98 million, or $0.56 per share in the previous year period. The first quarter of 2011 included a one-time valuation allowance against the Company's U.S. deferred tax assets on the completion of the merger.

Quarterly revenues declined to $132.15 million from $180.13 million in the comparable quarter last year. For the quarter, housing revenues increased to $88 million from $83 million, as a result of increased home closings.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Online retail giant Amazon.com Inc. (AMZN) is reportedly in talks to buy luxury online fashion retailer Net-a-Porter. The news of acquisition was first reported by Women's Wear Daily, which said the deal would be completed for about 2 billion euros, indicating the biggest acquisition yet by Amazon.... Tim Cook, the CEO of tech giant Apple Inc., in an interview said he intends to give away all his wealth to charity. Cook, in an interview to Fortune, said he plans to donate all his wealth to philanthropic projects after paying for his 10-year old nephew's college education. According to Fortune,... Is it a 'personal life crisis' that led the Germanwings' co-pilot Andreas Lubitz to deliberately lowering the plane carrying 149 people to French Alps mountain? Police is investigating to find evidences to prove this suggestion.
comments powered by Disqus
RELATED NEWS
Trade BRP now with 
Follow RTT