#Bahrain's Investcorp posts 17% drop in half-yearly net profit - Gulf Business

Bahrain's Investcorp posts 17% drop in half-yearly net profit - Gulf Business:

Bahraini investment firm Investcorp posted net income worth $48m for H1 FY20, slipping 17 per cent compared from $58m for H1 FY19.

For the six months ending December 31 2019, Investcorp’s net income, excluding the fair value change of legacy investments, reached $59m, two per cent higher than $58m for the six months ending December 31 2018, a statement said.

On a fully diluted basis, earnings per ordinary share were $0.65 for H1 FY20, down 12 per cent from $0.74 for H1 FY19.

Total comprehensive income for H1 FY20 totaled $46m, dipping 18 per cent compared to $56m in H1 FY19. Meanwhile, the firm’s gross operating income (excluding the fair value change of legacy investments) scored $197m in H1 FY20 compared to $199m in H1 FY19.