ONEX Corporation (TSE:ONEX) has released an update.
Onex Corporation has rebounded from a net loss to report positive earnings in the first quarter of 2024, with a net earnings increase to $10 million from a $232 million loss the previous year. The company’s CEO, Bobby Le Blanc, expressed optimism about their fundraising momentum and strategic focus on capital deployment in areas of proven expertise. While the investing segment net earnings rose to $54 million, the asset management sector faced a net loss, and overall distributable earnings decreased compared to the same quarter last year.
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