KKR's second-quarter net income soars by 49% to $972 million on higher fees

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KKR's second-quarter net income soars by 49% to $972 million on higher fees - Business Standard

Quick Summary:

KKR's shares were up 3.72 per cent at $124.

This growth was fueled by fees generated from managing $601 billion in total assets, up 16 per cent year-over-year, along with transaction fees from arranging financing for its own deals.

It also deployed $23 billion in investments, up from $10 billion one year ago, and declared a quarterly dividend of 17.5 cents.(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.