5% increase in annual net profit of Investcorp

محمد العارضي Free Membership

Abu Dhabi (Etihad)

Investcorp posted net earnings of $ 131 million, up 5% from $ 125 million in the last 12 months ended June 30, 2018 (FY18).
Diluted earnings per common share increased by 13% to $ 1.47 for fiscal year 19, compared to $ 1.30 for fiscal year 18, while total comprehensive income was $ 124 million for fiscal 201, up 3% from $ 121 million for fiscal 201. Finance 2018.
The value of badets under management increased by $ 1.9 billion to $ 28.2 billion. This strong financial and operating performance is a reflection of Investcorp's commitment to implement its strategic objectives of expanding its managed badet portfolio to USD 50 billion over the medium term by developing and developing its core business. products. Or by appropriate acquisitions.
"Our strong financial results have demonstrated our ability to implement several strategic initiatives and Investcorp's success in maintaining its flexibility," said Mohammed Al Ardi, Chief Executive Officer of Investcorp.