Arab Today, arab today investcorp’s profits jump 37 to 1403 miln
Last Updated : GMT 14:52:14
Arab Today, arab today
Arab Today, arab today

Investcorp’s profits jump 37% to $140.3 miln

Arab Today, arab today

Arab Today, arab today Investcorp’s profits jump 37% to $140.3 miln

Manama - Arabstoday

Investcorp, the asset management firm specialising in alternative investments, on Wednesday announced its results for the 12 months ended June 30, 2011 (FY11). Investcorp’s net income increased by 37 per cent to $140.3 million, up from $102.2 million in FY10. This represents the third-best profit performance in the firm’s history and continues the rebound to profitability and growth, which began in FY10.Earnings per Ordinary Share doubled to $128 per share, and the Board of Directors has recommended a resumption of dividend payments to ordinary shareholders in the amount of $15 per share.During the year, Investcorp realised more than $1 billion in proceeds from alternative investments, reflecting the high quality of the firm’s investment portfolio and its success in supporting and managing these investments through the financial crisis in order to maximise value. Gross operating income in FY11 was $413.6 million, a 15 per cent increase over the previous fiscal year. Asset-based income grew by 52 per cent with corporate investment, real estate investment and hedge funds all producing solid, positive returns. The year was marked by a 67 per cent rise in placement and fundraising in the Gulf to a total of $517 million. Against a background of low interest rates and a continuing high level of financial risk globally, this increase demonstrates the strong interest of Gulf investors in attractive alternative investment opportunities that offer diversification potential in the face of continuing macro-financial risks.It also underlines the strength of Investcorp’s long-established relationships with Gulf investors, its enduring franchise and the innovation and quality of service inherent in its business model. Placement income increased by 37 per cent to $40.7 million with placement of deal-by-deal products up 58 per cent to $284 million. Placements included the innovative Investcorp Special Opportunities Portfolio - a portfolio of select investments in distressed credit and corporate restructurings in the United States and Europe.Several profitable realisations were made in corporate investment and real estate investment, with total realisation proceeds of $783 million. In a highly successful exit, Moody International - acquired in 2007 for $311 million - was sold for $729 million. Investcorp Gulf Opportunity Fund I made its fourth growth capital investment with a $50 million investment in Tiryaki Agro, Turkey’s leading agro trader.  The firm also agreed to acquire a leading US specialty retailer. From / Gulf Today

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today investcorp’s profits jump 37 to 1403 miln Arab Today, arab today investcorp’s profits jump 37 to 1403 miln

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today investcorp’s profits jump 37 to 1403 miln Arab Today, arab today investcorp’s profits jump 37 to 1403 miln

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday