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FINANCIAL NEWS
Bahrain’s Investcorp full-year net profit up 13 percent
30 Aug 2015
(MENAFN) Bahraini alternative investment fund Investcorp announced that it logged an increase of its full-year net profit of 13 percent.
The company said its net income stood at USD116.7 million in the year to June 30, up from USD103.1 million a year earlier, Investcorp said in a statement.
The firm’s acquisitions for this year include US school provider Nobel Learning, a portfolio of residential properties for around USD300 million and a majority stake in a Turkish vehicle tracking system.
Meanwhile, fully diluted annual earnings per share jumped 70 percent over the same time period to USD129 per ordinary share, while return on equity was 16 percent.
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