TriLinc Global Impact Fund, LLC Reports Earnings Results for the First Quarter Ended March 31, 2022
May 13, 2022 at 07:21 pm
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TriLinc Global Impact Fund, LLC reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was USD 8.59 million compared to USD 9.18 million a year ago. Net income was USD 2.43 million compared to USD 4.35 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to USD 0.09 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.