NEW YORK (AP) — NEW YORK (AP) — BCP Investment Corp. (BCIC) on Thursday reported a loss of $7.5 million in its fourth quarter.
On a per-share basis, the New York-based company said it had a loss of 79 cents. Earnings, adjusted for investment costs, came to 56 cents per share.
The business development company posted revenue of $17.5 million in the period.
For the year, the company reported net income of $11.5 million, or $1.04 per share, swinging to a profit in the period. Revenue was reported as $61.2 million.
BCP Investment shares have decreased 3.5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.42, a drop of 33% in the last 12 months.
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