|
KKR Profit Rises Slightly By Mike Spector, Wallstreet Jounal Blog KKR & Co. said first-quarter profit rose slightly from a year ago, as the private-equity firm sold shares of companies it took public and reeled in fees from raising money and doing deals. The New York company reported a first-quarter profit of $210 million, or 65 cents a share, up from $193.4 million during the same time period a year ago. The buyout firm reported economic net income of $630.3 million compared with $647.7 million during the year-earlier period. That amounted to 82 cents per after-tax-adjusted share, KKR said, soundly beating Wall Street expectations. Analysts polled by Thomson Reuters expected 52 cents. Economic net income is a measure preferred by private-equity firms because it gauges realized and unrealized gains and losses and quirks related to private partnerships becoming public companies. KKR’s financial performance resulted in a first-quarter distribution to shareholders of 43 cents, a roughly 59% increase from the company’s dividend during the same time period a year ago. KKR’s overall distributable earnings, the portion of profits from which shareholders get a cut, for the first three months of the year increased about 54% from the comparable time period a year earlier to $446.8 million. The financial firm’s assets under management at the end of the first quarter totaled $102.3 billion, up from $94.3 billion at the end of 2013. KKR closed on its acquisition of European credit firm Avoca Capital during the first quarter, adding $8.4 billion to the private-equity firm’s assets under management. |
|
| aus der Diskussion: | KKR & Co - lukrative Beteiligungs- und Privat Equity-Geschäfte für jedermann |
| Autor (Datum des Eintrages): | sirmike (24.04.14 16:48:16) |
| Beitrag: | 8 von 251 (ID:46869578) |
| Alle Angaben ohne Gewähr © wallstreetONLINE | |