Brookfield Shows Resilience Despite Q2 Loss

Brookfield Business Corp. Class A (TSE:BBUC) has released an update.

Brookfield Business Partners L.P. reported a net loss of $20 million in Q2 2024, an improvement from a $48 million loss in the same period last year, despite a drop in Adjusted EBITDA. CEO Anuj Ranjan highlighted strong business fundamentals and expects future earnings growth as one-time events resolve and the company continues to benefit from its strong access to capital, enabling debt refinancing at attractive rates.

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