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Apollo reports return to profit after reversing asset writedowns
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Apollo Global Management Inc. recorded a fourth-quarter profit as it reversed a string of quarterly asset writedowns and posted record fee-based revenue.
The New York alternative-asset manager earned $584m in the fourth quarter, or 97 cents per share, the firm said on 9 February. That is more than double the net income of $234m it posted for the fourth quarter of 2021.
Adjusted...
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