Carlyle Group Q2 Profit Rises

(RTTNews) - Global alternative asset manager The Carlyle Group L.P. (CG) reported that its net income attributable to the company for the second quarter ended June 30, 2017 was $58 million or $0.59 per unit, compared to $6 million or $0.07 per unit last year.

Economic Net Income, After Taxes per Adjusted Unit grew to $0.81 from $0.35 last year.

Total revenues were $908.4 million up from $608.0 million in the prior year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.43 per share and revenues of $683.31 million for the quarter. Analysts' estimates typically exclude special items.

The Board of Directors has declared a quarterly distribution of $0.42 per common unit to holders of record at the close of business on August 14, 2017, payable on August 21, 2017.