Brookfield Reports Improved Q2 Results Amid Challenges

Brookfield Business Partners (TSE:BBU.UN) has released an update.

Brookfield Business Partners reported a net loss of $20 million for Q2 2024, a notable improvement from the $48 million loss in the previous year. Despite strong refinancing activities and selling their aggregates operation for $140 million, the company faced temporary setbacks, including a cybersecurity incident that affected their dealer software and technology services operation. The company remains optimistic as these one-time events subside, and they continue to leverage their strong capital position.

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