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Brookfield Business Partners Q4 Funds From Operations Up, Revenue Down

· 02/05/2021 02:33

07:24 AM EST, 02/05/2021 (MT Newswires) -- Brookfield Business Partners L.P (BBU) reported Q4 adjusted funds from operations Friday of $1.73 per unit, up from $1.38 a year ago.

The consensus of analysts polled by Capital IQ was $1.49.

Net revenue for the quarter ended Dec. 31 was $10.05 billion, up from $11.32 billion a year ago. Analysts polled by Capital IQ expected $11.19 billion.

The Bermuda-based business services provider is in a good position to start growth opportunities as investment activity continues to increase, Chief Executive Cyrus Madon said.

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