Brookfield Infrastructure Partners
After reporting a loss for the third quarter of 2008 on severe weakness from its timberlands segment, Brookfield Infrastructure closed out the year with a net profit of $21.7 million. Adjusted net operating income was $11.1 million, up more than 140% from last year's fourth quarter. On a pro forma basis, the company's full-year adjusted net operating income increased from $52.2 million to $63.3 million. In a year that sent Wall Street into panic and rocked major timberlands players such as Weyerhaeuser
The same meltdown in North American construction demand that makes me want to run and hide from material producers like USG
Meanwhile, Brookfield Infrastructure recorded improvement from electrical transmission assets in Chile, on higher transmission rates. The company continues to diversify its asset base, and it recently acquired the right to develop $400 million worth of transmission assets in Texas in a joint venture with a French engineering company.
Barely a year after the company's IPO in a spinoff from Global Gains selection Brookfield Asset Management