TriLinc Global Impact Fund, LLC Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 03:06 pm EST
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TriLinc Global Impact Fund, LLC reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 8.79 million compared to USD 9.07 million a year ago. Net income was USD 2.96 million compared to USD 2.13 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to USD 0.04 a year ago.
For the nine months, revenue was USD 26.63 million compared to USD 27.73 million a year ago. Net income was USD 4.18 million compared to USD 3.41 million a year ago. Basic earnings per share from continuing operations was USD 0.09 compared to USD 0.07 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.