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Brookfield Asset Management Books Higher Q2 Net Income, Revenue

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Brookfield Asset Management (BAM.TO) reported Q2 net income of $0.56 per diluted share from $0.38 in the previous year.

Analysts polled by FactSet expected $0.44.

Revenue for the quarter ended June 30 climbed to $1.75 billion from $1.09 billion.

Analysts expected $1.48 billion.

The company said its board of directors declared a quarterly dividend of $0.5025 per share, payable Sept. 29 to shareholders of record on Aug. 31.

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