Investcorp , the Bahrain-based alternative investment manager, on Wednesday said its net income for the fiscal year 2011 rose 37 percent aided by profitable portfolio exits and strong performance at its corporate and real estate investment divisions.
The company, which floated luxury brands Gucci and Tiffany & Co , saw net income for fiscal year ending June 30 rise to $140.3 million from $102.2 million for the year-ago period, it said in a statement.
Investcorp said it realised more than $1 billion in proceeds from alternative investments during the fiscal year and its asset-based income, which includes its hedge funds, corporate and real estate investments, rose 52 percent to $216.2 million.
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