Apollo’s Q1 profit falls 20% as virus weighs on asset sales
Apollo Global Management Inc
said on Friday its first-quarter distributable earnings
fell 20%, more than Wall Street expectations, driven by a
decline in private equity asset sales amid the
coronavirus-induced market turmoil.
said on Friday its first-quarter distributable earnings
fell 20%, more than Wall Street expectations, driven by a
decline in private equity asset sales amid the
coronavirus-induced market turmoil.
Posted by Reuters
