Investcorp posts 25% growth in annual net profit
Investcorp declared its results for the 12 months ended June 30, 2014 (FY14). Investcorp reports continued momentum in its performance with a strong 25% growth in net income and a very significant 84% growth in fully diluted earnings per share over the prior year, Zawya has reported. FY14 net income is $131.2m (FY13:$104.9m), representing a fully diluted EPS of $129 per ordinary share (FY13:$70 per ordinary share) and a return on average equity (ROAE) of 16%. FY14 saw high levels of activity on all fronts – acquisitions, realizations and fund-raising – which have been a key driver of this strong performance, and reflect the continued appetite from investors for attractive alternative investments around the world. This fiscal year marks five consecutive years of strong performance for Investcorp, reflecting a sustained and robust recovery from the global financial crisis of 2008-09.