Feb
11
Kohlberg Kravis Roberts Quarterly Profit Jumps 53%
By
Henry R. Kravis of the private equity giant Kohlberg Kravis Roberts.CreditAndrew Gombert/European Pressphoto Agency
Kohlberg Kravis Roberts said on Thursday that its fourth-quarter after-tax profit rose 53 percent despite a quarter of tumult in the stock market.
The private equity giant, led by Henry R. Kravis and George R. Roberts, said its after-tax economic net income was $70.5 million in the fourth quarter, compared with $46 million in the period a year earlier. The earnings amounted to 8 cents a share after taxes, significantly short of the 27 cents a share expected by analysts surveyed by Thomson Reuters…
Kohlberg Kravis Roberts Quarterly Profit Jumps 53%
