GP Investments, Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 14, 2022
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GP Investments, Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported negative revenue was USD 149.27 million compared to revenue of USD 113.72 million a year ago. Net loss was USD 97.42 million compared to net income of USD 51.04 million a year ago. Basic loss per share from continuing operations was USD 1.02. Diluted loss per share from continuing operations was USD 1.02.
For the six months, negative revenue was USD 90.17 million compared to revenue of USD 95.28 million a year ago. Net loss was USD 72.46 million compared to net income of USD 43.02 million a year ago. Basic loss per share from continuing operations was USD 0.76 compared to basic earnings per share from continuing operations of USD 0.41 a year ago. Diluted loss per share from continuing operations was USD 0.76 compared to diluted earnings per share from continuing operations of USD 0.41 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. 
