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.
For further insights into TSE:BBU.UN stock, check out TipRanks’ Stock Analysis page.
