Bahrain's Investcorp posts 4.8% rise in annual profit, growth in AuM | ZAWYA MENA Edition:
Bahrain-based private equity firm Investcorp reported a rise in profit for its fiscal year (FY) ending June 2019.Net profit attributable to shareholders for FY 2019 amounted to $131 million, compared to $125 million for FY 2018, a 4.8 percent increase.
The Manama-based company saw an increase in Gross Operating Income and Fee Income at $465 million and $376 million respectively.
Mohammed Alardhi, Investcorp’s executive chairman, said: “Our strong full-year results and ability to deliver on several strategic initiatives demonstrate Investcorp’s resilience and focus on strategic growth and profitability goals, despite various economic and geopolitical challenges.”
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