Bahrain's Investcorp annual profits surge 56 pct | Reuters:
"Bahrain-based alternative investment manager Investcorp reported a 56 percent rise in full-year net income on Tuesday, aided by strong growth in fee income.
Investcorp, which expects to fully invest its $1 billion Gulf fund in 2013, made a net profit of $104.9 million in fiscal year 2013 ended in June, compared with $67.4 million in the previous year.
Profit growth was driven by "a very strong increase in deal activity fees", Rishi Kapoor, Investcorp's chief financial officer, told reporters."
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