CHARLOTTE, N.C. (AP) _ Capitala Finance Corp. (CPTA) on Monday reported first-quarter net income of $12.4 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Charlotte, North Carolina-based company said it had profit of $4.04. Earnings, adjusted for investment gains, came to 1 cent per share.

The business development company posted revenue of $4.9 million in the period.

Capitala Finance shares have climbed 37% since the beginning of the year.

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