Investcorp growth continues with net income rising to $125 million
MANAMA: Investcorp, a Bahrain-based alternative investment manager, has reported an aggregate net income of $125 million for the year ended June 30, 2018 (FY18), an increase of 4 per cent when compared with $120m in FY17.
The results showed continued growth momentum and healthy levels of activity across business lines, Investcorp said.
The fully diluted earnings per share increased by 4pc to $1.30 (FY17: $1.25).
Income for the second half of FY18 was $70m (FY17: $72m) and the board is proposing a full year dividend of $0.24 per ordinary share (FY17: $0.24 per share), it said.
The firm's executive chairman Mohammed Alardhi said, "Investcorp continues to make good progress in relation to its growth strategy. Continued geographical diversification of the firm’s investor base and product set has helped support record levels of activity in terms of distributions to clients, investment activity and fundraising across all markets. The strong performance is set against the backdrop of uncertain macroeconomic and geopolitical conditions, particularly in the Gulf."
