GP Investments, Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 06:27 pm EST
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GP Investments, Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported negative revenue was BRL 232.64 million compared to revenue of BRL 17.15 million a year ago. Net loss was BRL 158.02 million compared to BRL 30.94 million a year ago.
For the nine months, negative revenue was BRL 207.5 million compared to BRL 409.16 million a year ago. Net loss was BRL 260.49 million compared to BRL 380.37 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.
GP INVESTMENTS, LTD. 
