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FINANCIAL NEWS
Investcorp net profit up to 25 Percent
04 Aug 2014
(MENAFN) Bahrain-based Investcorp reported a 25 percent growth in its yearly profits, according to Arabian Business.
The company’s net profit has increased to USD131.2 million in the first half of the current year compared to the same period 2013, up due to the growing acquisitions’ activity, sales of investments, and raising new funds, according to Investcorp statement.
Investcorp fully diluted earnings per ordinary share increased 84 percent in comparison with the same period last year to USD129 per ordinary share, while returns on average equity was 16 percent.
Per Thomson Reuters data, the board of Investcorp had proposed paying a cumulative dividend of USD15 per ordinary share from the beginning of the year to June 30, with a full dividend of 12 percent on preference shares. The payout for ordinary shareholders is similar to the figure of the last financial year.
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