Carlyle, a global investment firm, reported an 18% increase in second-quarter profit, driven by a rise in fee-related earnings and proceeds from deals in Japan and the U.S.
Financial Performance
Distributable earnings, which represent the cash used to pay dividends to shareholders, came in at $1.07 per share. Fee-related earnings, which provide stable income, rose 11% from a year ago. Transaction and portfolio advisory fees more than doubled to $110.5 million.
Carlyle’s total assets under management stood at $485 billion, a 4% increase from a year ago. The company’s stock has lost more than 14% of its market value so far this year.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
