BROOKFIELD, NEWS, November 4, 2019 – Shares of Brookfield Infrastructure Partners L.P. (NYSE: BIP) showed the bullish trend with a higher momentum of 0.34% to $50.34. The company traded total volume of 158.281K shares as contrast to its average volume of 294.49K shares. The company has a market value of $20.44B and about 406.04M shares outstanding.
Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) reported net income for the quarter of $98.0M ($0.12 per unit) compared to net income of $125.0M ($0.21 per unit) in the prior year. Net income for the period benefited from higher earnings across the majority of our operations, as well as contributions from capital expenditures and new investments completed in the last 12 months, predominantly in our energy segment. The prior year results are not comparable, as they included the benefit of higher mark-to-market gains on our corporate hedging program.
Our business generated FFO of $337.0M for the quarter, or $0.85 of FFO per unit, representing increases of 15% and 13%, respectively, over the same quarter of the prior year. Results for the quarter benefited from both organic growth and contributions from capital recently deployed into new investments. FFO grew organically by 10% relative to the prior year, marking the second consecutive period of growth that exceeded our annual long-term target of 6-9%.
The Company offered net profit margin of 0.20% while its gross profit margin was 49.40%. ROE was recorded as 0.20% while beta factor was 0.81. The stock, as of recent close, has shown the weekly upbeat performance of 0.98% which was maintained at 45.79% in this year.