GCP Asset Backed Income (LON:GABI) Announces Earnings Results

Key Points

• GCP Asset Backed Income reported a strong earnings per share of GBX 5.11 for the recent quarter, with a net margin of 63.69%.
• The company's shares are currently trading at GBX 65.31, reflecting a 3.3% increase on the day of the announcement.
• GCP Asset Backed Income focuses on investing in a diversified portfolio of loans secured against assets, primarily in the UK, aiming for regular distributions and capital appreciation.

GCP Asset Backed Income (LON:GABI - ) issued its earnings results on Thursday. The company reported GBX 5.11 earnings per share for the quarter, Digital Look Earnings reports. GCP Asset Backed Income had a return on equity of 3.75% and a net margin of 63.69%.

GCP Asset Backed Income Trading Up 3.3%

Shares of LON:GABI opened at GBX 65.31 on Thursday. GCP Asset Backed Income has a 12-month low of GBX 62.10 and a 12-month high of GBX 81.80. The business's fifty day simple moving average is GBX 64.64 and its 200-day simple moving average is GBX 65.10. The company has a market capitalization of £140.82 million, a PE ratio of -2,086.65 and a beta of 0.61.

GCP Asset Backed Income Company Profile

GCP Asset Backed Income Fund Limited (GCP Asset Backed) is a Jersey-incorporated, closed-ended investment company whose shares are traded on the main market of the London Stock Exchange. Its objective is to provide shareholders with regular, growing distributions and modest capital appreciation over the long term through investment in a diversified portfolio of loans secured against assets across a range of sectors predominantly in the UK.

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