Brookfield Infrastructure Partners (BIP) Reports Q1 EPS of $0.25
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Brookfield Infrastructure Reports First Quarter 2016 Results
May 5, 2016 6:55 AM EDTBROOKFIELD, NEWS -- (Marketwired) -- 05/05/16 -- Brookfield Infrastructure (NYSE: BIP) (TSX: BIP.UN) today announced our results for the first quarter ended March 31, 2016.
Three Months Ended March 31 ------------------------ US$ millions (except per unit amounts), unaudited 2016 2015 ---------------------------------------------------------------------------- FFO(1) $ 234 $ 186 - per unit(2) $ 1.02 $ 0.89 Net income $ 78 $ 132 - per unit(3) $ 0.25 $ 0.56 ---------------------------------------------------------------------------- ----------------------------------------------------------------------------Brookfield Infrastructure generated funds from operations ("FFO") totaling $234 million ($1.02 per unit), for the quarter. Results benefitted from strong organic growth, the contribution of our newly acquired investments and dividends received from our toehold interest in Asciano Limited... More
