Investcorp says full-year net profit up 25pc

August 04, 2014 - 2:59:36 pm

DUBAI: Bahrain-based alternative investment fund Investcorp posted a 25 percent increase in net profit for its latest financial year on Monday.

Net profit grew to $131.2 million in the year to June 30, up from $104.9 million in the prior financial year, Investcorp said in a statement.

Fully diluted earnings per share jumped 84 percent over the same time period to $129 per ordinary share last year, while return on average equity was 16 percent.

Investcorp said its board had proposed paying a dividend of $15 per ordinary share for the year to June 30, with a full dividend of 12 percent on preference shares. The payout for ordinary shareholders is in line with the figure for the previous financial year, according to Thomson Reuters data. (Reuters)