NEW YORK (AP) _ Goldman Sachs BDC Inc. (GSBD) on Thursday reported first-quarter net income of $60.5 million, after reporting a loss in the same period a year earlier.

The New York-based company said it had profit of 60 cents per share. Earnings, adjusted for investment gains, came to 48 cents per share.

The specialty finance company posted revenue of $82.6 million in the period.

Goldman Sachs BDC shares have increased 2.5% since the beginning of the year. The stock has risen 27% in the last 12 months.

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