Investcorp reports solid full-year results

Manama, Aug. 7 (BNA): Investcorp, a global provider and manager of alternative investment products, today announced its fiscal year (FY19) results for the twelve months ended June 30th, 2019. Despite a slowing macroeconomic backdrop and increasing trade and geopolitical tensions, the Firm has delivered a solid set of results with net income of $131 million for the period, up 5% compared to $125 million for the twelve months ended June 30, 2018 (FY18). On a fully diluted basis, earnings per ordinary share were $1.47 for FY19, up 13% from $1.30 for FY18 while total comprehensive income of $124 million for FY19 was 3% higher than $121 million in FY18. Investcorp’s assets under management (AuM) increased by $1.9 billion to $28.2 billion during the period. Investcorp attributes its robust financial and operating performance to its continued progress in delivering on its strategic objectives of reaching AuM of $50 billion over the medium term via both organic and inorganic initiatives.