This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Brookfield loses $4.5-million (U.S.) in third quarter 2009-11-03 09:37 ET - News Release
Mr. Michael Botha reports BROOKFIELD INFRASTRUCTURE PARTNERS ANNOUNCES THIRD QUARTER 2009 RESULTS
Brookfield Infrastructure Partners LP has released its results for the quarter ended Sept. 30, 2009, as well as those of its subsidiary, Brookfield Infrastructure LP. Adjusted net operating income (ANOI) for Brookfield Infrastructure totalled $12.1-million (32 cents per unit) for the quarter ended Sept. 30, 2009, compared with ANOI of $13.1-million (34 cents per unit) in the third quarter of 2008. As a result of a weak price environment for logs and a reduction in harvest levels to preserve inventory value, ANOI from the timber business decreased $900,000 in the third quarter of 2009, compared with the same period in 2008. However, Brookfield Infrastructure's transmission business achieved strong performance again in the quarter. Excluding a $5.3-million dividend received in the prior year from TBE, which was sold in the second quarter of this year, ANOI from its transmission segment increased 20 per cent in the third quarter of 2009 primarily due to the positive impact of revenue indexation and returns on growth capital expenditures at Transelec. The remainder is available to Stockwatch subscribers.
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