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KKR Financial Holdings Reports $13M 1Q Loss

Stock quotes in this article: KFN  

SAN FRANCISCO (AP) — KKR Financial Holdings LLC, an investment fund operated by private equity fund Kohlberg Kravis Roberts & Co., reported Thursday that it lost $13 million in the first quarter, compared with a year-ago profit of $14 million.

The loss for the first three months of the year was equivalent to 9 cents a share, while the year-ago profit was equal to 12 cents a share.

The results for the quarter ended March 31 were weighed down by a provision for loan losses of nearly $27 million, versus no such provision a year ago. ...

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