Apollo Global Management Inc said on Thursday its second-quarter adjusted net income jumped 75% year-on-year, underpinned by strong growth in earnings from its retirement services business and management fees.
Marc Rowan, CEO of Apollo Global Management LLC, participates in the "Finding Opportunities in Restructuring in the Year Ahead" panel at the 2010 Milken Institute Global Conference in Beverly Hills, California April 28, 2010. REUTERS/Phil McCarten/File Photosaid on Thursday its second-quarter adjusted net income jumped 75% year-on-year, underpinned by strong growth in earnings from its retirement services business and management fees.
Adjusted net income rose to $1 billion, up from $576 million a year earlier. That translated to an adjusted net income per share of $1.70, which exceeded the average analyst forecast of $1.65, according to Refinitiv data. Spread-related earnings, which encompasses the income Apollo generates from investing the capital of annuities provider Athene in mostly investment-grade debt products, surged 76% to nearly $800 million buoyed by higher interest rates and increased inflow from retirees.
Fee-related earnings rose by nearly 30% to a quarterly record of $442 million, driven by growth in management fees as Apollo accumulated more assets. Its income from asset sales were flat at just $20 million as the firm avoided cashing out its private equity investments amid the continued slump in deal making activity.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Large fire blocking lanes on Highway 75 in Plano during Wednesday morning commuteA crash involving a tractor trailer caused a large fire and traffic on US 75 in Plano, north of Dallas, Wednesday morning.
続きを読む »
Fiery tanker truck crash on Hwy. 75 in Plano injures 2Drivers can expect major delays on U.S. Highway 75 in Collin County after a tanker truck collided with another vehicle and caught fire.
続きを読む »
Airbus unveils order from Wizz Air for 75 A321neo jetsAirbus has won an order from Wizz Air for 75 additional A321neo aircraft, the European planemaker said on Wednesday.
続きを読む »
2 injured, lanes reopened on U.S. 75 in Plano after fiery crash involving tractor trailerA crash involving a tanker carrying fuel and a tractor trailer caused a large fire and traffic on U.S. Highway 75 in Plano on Wednesday morning.
続きを読む »
75 Hard is a 'mental toughness' program delivering drastic results — but is it safe?75 Hard is definitely not a diet plan — and it's not a fitness plan either, according to Andy Frisella, creator of 75 Hard. Frisella calls the plan he created a 'mental toughness' program that is like 'an Ironman for your brain.'
続きを読む »