Bahrain-based investment company Investcorp said its full-year net income fell by more than half because of lower returns on its investment portfolio.
Despite a 20 percent recovery in fee income, the company's net income for the 12 months to June 30 shrank to $67.4 million, the company said in a statement on Wednesday. That compared with net income of $140.3 million for the prior-year period.
"Net income was down due to a fall in asset based income primarily due to the European crisis," Investcorp said.
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