Great Elm Capital Corp. Reports Significant Increase in Net Income and Revenue for the First Half of 2023
Company's Investments Perform Strongly, Boosting Revenue and Net Asset Value
Great Elm Capital Corp.(GECCL), a leading investment managemen t company, has released its unaudited financial statements for the second quarter and first half of 2023. The company reported impressive results, showing a substantial increase in both net income and revenue compared to the same periods in the previous year. The strong performance of its investments, particularly in non-affiliated, non-controlled investments, has driven the company's success in the first half of the year.
Significant Increase in Net Income for Great Elm Capital Corp.
During the second quarter of 2023, Great Elm Capital Corp. achieved a remarkable increase in net income, reporting a net increase of $5.2 million. This marks a substantial improvement compared to the same period last year when the company faced a net decrease of $4.5 million in net income. The impressive performance reflects the success of the company's investment strategies and portfolio management during the quarter.
