06:48 AM EDT, 06/27/2024 (MT Newswires) -- Clairvest Group ( CVTGF ) , a private equity firm trading near 52-week lows, late on Wednesday reported a fiscal fourth-quarter profit, reflecting an increase in the value of the companies Clairvest ( CVTGF ) has invested in and a corresponding increase in carried interest.

The company reported fiscal fourth-quarter net income of $26.1 million, or $1.78 per share, as compared with a loss of $13.8 million, or $0.92 per share, a year earlier.

Gross revenue for the quarter ended March 31 was $34.9 million, up from $6.3 million a year earlier.

Clairvest's ( CVTGF ) book value was about $1.18 billion, or $80.16 per share, as at March 31, 2024, as compared with about $1.15 billion, or $78.38 per share, as at December 31, 2023, and about $1.22 billion, or $81.05 per share, as at March 31 2023.

Clairvest ( CVTGF ) declared an annual ordinary dividend of $0.10 per share and a special dividend of $0.7016 per share. In total, the dividends represent 1% of the March 3 book value. The dividends will be paid on July 26 to common shareholders of record as of July 5.