GP Investments, Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 13, 2023
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GP Investments, Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was BRL 151.47 million compared to negative revenue of BRL 735.38 million a year ago. Net loss was BRL 12.43 million compared to BRL 479.94 million a year ago. Diluted loss per share was BRL 0.17 compared to BRL 5.88 a year ago.
For the six months, revenue was BRL 25.15 million compared to negative revenue of BRL 426.3 million a year ago. Net loss was BRL 102.46 million compared to BRL 349.43 million a year ago. Diluted loss per share was BRL 1.40 compared to BRL 4.28 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. 
