TriLinc Global Impact Fund, LLC Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
November 20, 2023 at 06:12 am EST
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TriLinc Global Impact Fund, LLC reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 6.84 million compared to USD 9.26 million a year ago. Net loss was USD 2.31 million compared to USD 1.21 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.03 a year ago.
For the six months, revenue was USD 13.57 million compared to USD 17.85 million a year ago. Net loss was USD 2.11 million compared to net income of USD 1.22 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to basic earnings per share from continuing operations of USD 0.03 a year ago.
TriLinc Global Impact Fund, LLC makes investments in small and medium enterprises (SMEs) primarily in developing economies that provide the opportunity to achieve both competitive financial returns and positive measurable impact. The Company's investment objectives are to provide its unitholders current income, capital preservation and modest capital appreciation. It invests in SMEs through local market sub-advisors and its objective is to build a diversified portfolio of financial assets, including direct loans, loan participations, convertible debt instruments, trade finance, structured credit and preferred and common equity investments. To assist the Company in achieving its investment objective, the Company makes investments via wholly owned subsidiaries. It invests in various sectors, including chocolate and cocoa products, chemicals and allied products, personal credit institutions, and motor vehicle parts and accessories. It is managed and advised by TriLinc Advisors, LLC.