Covid-19 leads to losses across most KKR units
Despite the losses, the firm said it was ‘well positioned to help our clients and communities for what lies ahead
06 May 2020 - 18:16
New York — KKR followed its alternative asset management rivals in reporting a hit to its holdings as the coronavirus roils the economy.
The New York-based firm said first-quarter 2020 net losses were $1.28bn, or $2.31 per share. This compares to $701m in profit, or $1.27 a diluted share, for the same period in 2019. It reported a first-quarter dividend of 13.5c a share, up from 12.5c in the first quarter of 2019...
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