The Carlyle Group LP (NASDAQ:CG) posted strong fourth-quarter results aided by its three-fold increase in its economic net income before taxes. Enthused by the strong performance, the private equity firm also announced a quarterly distribution. Carlyle Group outpaced analysts’ expectations The Carlyle Group LP (NASDAQ:CG) unveiled its strong fourth-quarter results on Wednesday. It revealed its economic net income before taxes, a pro forma measure used by the private equity industry that includes unrealized investment gains, tripled to $576 million in the quarter, from $182 million in the quarter a year earlier. The economic net income after taxes jumped to $1.64 per common…
Performance Fees Lift Carlyle Group LP’s Profit In Q4
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports