Brookfield Infrastructure Partners (BIP 2.40%) has reported its Q4 and 2012 results. For the quarter, the partnership grew its net revenues by 35% on a year-over-year basis, to $244 million. Net income, however, slid by $4 million over that time span, to land at $50 million ($0.25 per unit).
For the full year, net revenues advanced 14% over 2011's figure, to $841 million. But bottom line was 43% lower at $106 million ($0.55 per unit).
Despite the drop in profitability, Brookfield declared an increase in its quarterly distribution. The company will pay $0.43 per unit on March 29 to unit holders of record as of the end of February 28. This is 15% higher than the firm's last payout, which occurred in November.
