Onex reports US415-million Q1 profit compared with loss a ye

Onex reports US415-million Q1 profit compared with loss a year ago


Onex says its segment net earnings, which excludes certain items, totalled US$472 million or US$5.23 per diluted share, up from a segment net loss of $1.05 billion or US$10.34 per diluted share a year ago.
The company's investing segment earnings grew to US$324 million compared with a loss of US$985 million a year ago, while its asset and wealth management segment earned US$148 million compared with a loss of US$67 million in the same quarter last year.
Onex chairman and CEO Gerry Schwartz says the company reported another quarter of good results across its platforms.
Schwartz says its private equity investments continued to generate strong value and its credit platform is saw momentum with its new strategies.

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