Global asset management firm Legg Mason, Inc. reported net income of $75.9m in the fourth fiscal quarter ended March 31, 2017 as compared to net income of $51.4m in the previous quarter, the company said in a statement.

Net income for fiscal year 2017 totaled $227.3m as compared to a net loss for fiscal year 2016 of $25m. Operating revenues for fiscal year 20