Gp Investments, Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 01, 2021 at 03:11 am EDT
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GP Investments, Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced negative total revenue was USD 164.421 million compared to total Revenue of USD 181.690 million a year ago. Net loss was USD 91.829 million compared to net income of USD 74.321 million 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.