GP Investments, Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 12, 2021
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GP Investments, Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported revenue was USD 63.35 million compared to negative revenue of USD 64.55 million a year ago. Net income was USD 63.29 million compared to net loss of USD 36.28 million a year ago. Basic earnings per share from continuing operations was USD 0.72 compared to basic loss per share from continuing operations of USD 0.33 a year ago. Diluted earnings per share from continuing operations was USD 0.66 compared to diluted loss per share from continuing operations of USD 0.33 a year ago.
For the nine months, revenue was USD 158.63 million compared to negative revenue of USD 245.25 million a year ago. Net income was USD 106.31 million compared to net loss of USD 125.64 million a year ago. Basic earnings per share from continuing operations was USD 1.03 compared to basic loss per share from continuing operations of USD 1.14 a year ago. Diluted earnings per share from continuing operations was USD 0.96 compared to diluted loss per share from continuing operations of USD 1.14 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. 
