Brookfield Business Partners (TSE:BBU.UN) has released an update.
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Brookfield Business Partners reported solid third-quarter 2024 results, with a net income of $301 million, a significant recovery from last year’s loss. The company generated over $350 million from distributions and monetizations, including the sale of a large part of its offshore oil services operation. The strategic capital recycling initiatives have enhanced liquidity, positioning Brookfield to support growth and deliver value to investors as interest rates stabilize.
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