GP Investments, Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 15, 2023 at 12:27 pm EDT
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GP Investments, Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported negative revenue was USD 24.31 million compared to revenue of USD 59.1 million a year ago. Net loss was USD 17.33 million compared to net income of USD 24.96 million a year ago.
Basic loss per share from continuing operations was USD 0.22 compared to basic earnings per share from continuing operations of USD 0.26 a year ago. Diluted loss per share from continuing operations was USD 0.22 compared to diluted earnings per share from continuing operations of USD 0.23 a year ago.
GP Investments, Ltd. is a Bermuda-based private equity and alternative investment company. The Companyâs operations comprise private equity, real estate and direct investment activities, including the management of limited partnerships. Its segments include private equity and real estate. In the private equity business, it invests to acquire control or joint control with the original owners with the objective of lead the invested company. In real estate business, it invests primarily at the asset level, directly in projects in the residential, office and retail segments. Its investment portfolio includes Spice Private Equity Ltd., Grupo SBF, BR Properties, and 2TM Group. It invests in approximately 15 sectors, such as industry, health services, mobile resource management, retail, logistics, real estate/shopping malls, Internet and technology, hotel, telecommunication, utilities, education, entertainment/restaurants, consumer goods, human resources (HR) services, and oil and gas.
GP INVESTMENTS, LTD. 
