NEW RESIDENTIAL INVESTMENT (NRZ) has reported 87.78 percent jump in profit for the year ended Dec. 31, 2016. The company has earned $504.45 million, or $2.12 a share in the year, compared with $268.64 million, or $1.32 a share for the last year.
The company has not recorded any revenues for the current as well as previous year.
Total expenses were $262.19 million for the year, up 84.37 percent or $119.98 million from year-ago.
Operating loss for the year was $262.19 million, compared with an operating loss of $142.21 million in the previous year.
Receivables move upNet receivables were at $1,687.79 million as on Dec. 31, 2016, up 9.70 percent or $149.31 million from year-ago. Accounts payable stood at $1,381.97 million as on Dec. 31, 2016. Investments stood at $15,780.68 million as on Dec. 31, 2016, up 22.47 percent or $2,895.83 million from year-ago.
Total assets stood at $18,365.04million as on Dec. 31, 2016. On the other hand, total liabilities were at $14,896.86 million as on Dec. 31, 2016.
Return on assets was at 3.17 percent in the year. At the same time, return on equity was at 14.55 percent in the year.
Debt moves upTotal debt was at $13,181.24 million as on Dec. 31, 2016, up 16.72 percent or $1,888.61 million from year-ago. Shareholders equity was at $3,468.18 million as on Dec. 31, 2016. Meanwhile, debt to equity ratio was at 3.80 percent in the year.
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