PURCHASE, N.Y. (AP) _ MVC Capital Inc. (MVC) on Tuesday reported fiscal fourth-quarter net income of $3.1 million, after reporting a loss in the same period a year earlier.
The Purchase, New York-based company said it had profit of 17 cents per share.
The business development company posted revenue of $8 million in the period.
For the year, the company reported net income of $16.3 million, or 92 cents per share, swinging to a profit in the period. Revenue was reported as $30.5 million.
MVC Capital shares have risen nearly 1% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.24, an increase of almost 4% in the last 12 months.