CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Barings BDC, Inc. (BBDC) on Thursday reported fourth-quarter profit of $25.2 million.
On a per-share basis, the Charlotte, North Carolina-based company said it had net income of 24 cents. Earnings, adjusted for investment costs, were 27 cents per share.
The business development company posted revenue of $68 million in the period.
Barings BDC shares have declined 1% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.08, a fall of 13% in the last 12 months.
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