Q: Hello again. May 8 as for your comments on earnings please
5i Research Answer:
BBUC reported a net loss per limited partnership unit of ($2.02), compared with a net profit of $6.57 in the prior year. The net loss included a non-cash expense for its healthcare services operation, and provisions for its construction operation. Its Adjusted EBITDA was $653M for the quarter, a gain against last year, mainly coming from its industrials segment. The market reaction to results has so far been fairly muted, and overall, we would be comfortable holding the name, while not expecting it to perform miracously.