GRAND CAYMAN, Cayman Islands (AP) — GRAND CAYMAN, Cayman Islands (AP) — Patria Investments Ltd. (PAX) on Thursday reported net income of $47 million in its fourth quarter.

The Grand Cayman, Cayman Islands-based company said it had net income of 31 cents per share. Earnings, adjusted for non-recurring costs, were 47 cents per share.

The private-market investment firm posted revenue of $111.7 million in the period. Its adjusted revenue was $67.8 million.

For the year, the company reported profit of $118.4 million, or 79 cents per share. Revenue was reported as $247.4 million.

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