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Blackstone Reports First Quarter 2012 Results

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posted:4/19/2012
language:English
pages:17
Description: NEW YORK--(EON: Enhanced Online News)--The Blackstone Group L.P. (NYSE: BX) today reported its first quarter 2012 results. Economic Net Income (“ENI”) was $432.3 million for the first quarter of 2012, a decrease of $138.7 million compared to ENI of $571.0 million for the first quarter of 2011. The decrease in ENI was principally due to a lower rate of increase in the carrying value of assets in the first quarter of 2012 compared to the first quarter of 2011, partially offset by an increase of $7 a style='font-si
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