Brookfield Asset Management reports Q2 net loss of US$ 656 million

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Brookfield Asset Management reports Q2 net loss of US$ 656 million

  • Brookfield Asset Management’s quarterly loss came on account of lower revaluation of its real estate portfolio.
  • The group made favorable operating profits during the quarter, but some of its operating businesses were significantly affected by the economic shutdown.
  • Net loss amounted to US$ 656 million for Q2FY20, as compared to a net profit of US$399 million in Q2FY19.

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