Brookfield Infrastructure Corporation (TSE:BIPC) has released an update.
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Brookfield Infrastructure Partners L.P. reported a substantial increase in its first-quarter 2024 financial results with net income soaring to $170 million compared to $23 million the previous year, and a strong 11% increase in funds from operations to $615 million. This growth is attributed to inflation adjustments, higher transportation volumes, and successful new investments totaling over $2 billion. Despite asset sales and higher interest expenses, the company has experienced organic growth across its utilities and transport segments, benefiting from inflation indexation and robust customer demand in midstream assets.
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