Apollo management posts $1 bn profit | World Business News
Edited By WION Video Desk
Published: Aug 04, 2023, 05:45 IST | Updated: Aug 04, 2023, 05:45 IST
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Shares of Apollo global management hit an all-time high after reporting a record profit. Apollo's insurance business benefited from rising interest rates and solid inflows. New York-based Apollo said Thursday that its net income for the April-June quarter jumped 75% to 1 billion dollars or 1.7 dollars per share. That's higher than the average prediction of 1.65 dollars per share from experts polled by Bloomberg.
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