(Adds details. In U.S. dollars)
TORONTO, Aug 8 (Reuters) - Brookfield Asset Management Inc (BAMa.TO) said on Friday its second-quarter profit slipped 28 percent from a year-ago period that included a big gain on the sale of debentures.
Brookfield, which has interests in real estate and power generation, reported earnings of $110 million, or 17 cents a share, down from year-earlier $153 million, or 24 cents a share. The 2007 quarter included a security disposition gain of $100 million.
Four analysts had forecast an average of 21 cents a share for the quarter, according to data compiled by Reuters Estimates.
Cash flow from operations fell to $378 million, or 62 cents a share, from $440 million, or 72 cents a share, a year ago.
Excluding a security disposition gain, cash flow from operations was $378 million, or 62 cents a share, up from $340 million, or 55 cents a share in 2007.
Brookfield said revenue rose 2.9 percent to $1.23 billion from $1.12 billion. ($1=$1.06 Canadian) (Reporting by Scott Anderson; Editing by Jeffrey Jones)