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Brookfield Asset Management Q2 Profit, FFO Down; Revenues Rise

Brookfield Asset Management Inc. (BAM) reported Thursday that its second -quarter net income attributable to common shareholders was $590 million, compared to $816 million a year ago.

Net income per share was $0.34, down from $0.49 last year.

Funds from operations declined to $1.4 billion or $0.84 per share from last year's $1.60 billion or $1.01 per share.

Revenues grew to $23.26 billion from $18.29 billion a year ago.

Further, the Board declared a quarterly dividend of $0.14 per share, payable on September 29 to shareholders of record as at the close of business on August 31.

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