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Patria Reports Second Quarter 2022 Earnings Results
GRAND CAYMAN, Cayman Islands, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Patria (Nasdaq:PAX) reported today its unaudited results for the second quarter ended June 30,
About this update from Patria Investments Limited
[{"type":"text","content":"GRAND CAYMAN, Cayman Islands, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Patria (Nasdaq:PAX) reported today its unaudited results for the second quarter ended June 30, 2022. The full detailed presentation of Patria's second quarter 2022 results can be accessed on the Shareholders section of Patria’s website at https://ir.patria.com/. Alex Saigh, Patria’s CEO, said: “Patria continued to execute on both financial results and long-term strategic growth plans in the second quarter, despite the difficult backdrop across global financial markets. We remain on track for our 2022 Fee Related Earnings and fundraising targets, and we announced the acquisition of VBI as an important catalyst to building our Real Estate platform and permanent capital.” Financial Highlights (reported in $ USD) Patria IFRS results included $15.9 million of net income in Q2 2022. Patria generated Fee Related Earnings of $31.1 million in Q2 2022, up 76% from $17.6 million in Q2 2021, with an FRE margin of 56%. Distributable Earnings were $29.2 million for Q2 2022, or $0.20 per share. Dividends Patria has declared a quarterly dividend of $0.169 per share to record holders of common stock at the close of business on September 2, 2022. This dividend will be paid on September 16, 2022. Conference Call Patria will host its second quarter 2022 earnings conference call via public webcast on August 9, 2022 at 9:00 a.m. ET. To register and join, please use the following link: https://edge.media-server.com/mmc/p/i7sv8ocm For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Patria’s website at https://ir.patria.com/ shortly after the call’s completion. About Patria Patria is a leading alternative investment firm focused on Latin America, with over 30 years of history and combined assets under management of $26.3 billion, and a global presence with offices in 10 cities across 4 continents. Patria aims to provide consistent returns in attractive long-term investment opportunities that allow for portfolio diversification through its Private Equity, Infrastructure, Credit, Public Equities and Real Estate products. Through its investments Patria seeks to transform industries and untangle bottlenecks, generating attractive returns for its investors, while creating sustainable value for society. Further information is available a...