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FINANCIAL NEWS
Net Income for Investcorp decreases by 23%
13 Aug 2016
(MENAFN) Investcorp, the global manager of alternative investment products, recorded a net income of USD90.1m for the year ended by the end of June, marking a drop of 23%.
Bahrain-based Investcorp had increased shareholder revenues to 24 cents per share, compared to 15 cents last year, registering a rise by 60%.
Mohammed Mahfoodh Alardhi, executive chairman, stated: “We are in a particularly exciting phase of development as we see tangible results of putting our ambitious growth strategy in action, with a purposeful investment across the business.”
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