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Brookfield Asset Management reports higher Q2 net income YOY

Brookfield Asset Management Inc. reported second-quarter net income attributable to shareholders of $680 million, or 62 cents per share, up from $225 million, or 19 cents per share, in the year-ago quarter.

Revenues for the quarter grew year over year to $13.28 billion from $9.44 billion.

Funds from operations stood at $790 million, down from $1.03 billion in the year-ago period.