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Investcorp s net income rises 13 to 116.7 million
(MENAFN- Arab News) Investcorp a global provider and manager of alternative investment products Sunday announced its full year 2015 (FY2015) results for the fiscal year ended June 30.
Investcorp's strong earnings growth trajectory continued for the period with net income of $116.7 million up 13 percent (FY2014: $103.1 million) representing a 70 percent increase in fully diluted (after the payment of preference share dividends and other obligations) earnings per share to $129 per ordinary share and a return on equity of 16 percent.
Earnings momentum accelerated in the second half of the fiscal year (H2 FY2015) with a 19 percent year-on-year increase to $ 71.4 million (H2 FY2014: $ 59.8 million). Fee income for the full year was $308.2 million and asset based income was $73 million (FY2014: $315.8 million and $47.6 million respectively).
Corporate investment (CI) continued to experience good levels of activity across Europe the United States Turkey and the GCC with $607 million of equity deployed in five new deals in the period.
The board proposed a full year dividend for ordinary shareholders of $15 per share in line with FY2014. The book value per ordinary share at June 30 2015 was $900 (FY2014: $737.8)
Mohammed Al-Ardhi executive chairman said: 'We are pleased to see continued growth across our core business lines driven by our blue-chip brand and placement capability in the Gulf. Our clients continue to place their trust in Investcorp to identify and deliver attractive alternative investment opportunities across our three areas of expertise within our core markets in the Gulf Europe and the United States. We continue to evolve and innovate in our product set to meet our clients' demands and our efforts to get even closer to our clients are showing real results.'
Investcorp's strong earnings growth trajectory continued for the period with net income of $116.7 million up 13 percent (FY2014: $103.1 million) representing a 70 percent increase in fully diluted (after the payment of preference share dividends and other obligations) earnings per share to $129 per ordinary share and a return on equity of 16 percent.
Earnings momentum accelerated in the second half of the fiscal year (H2 FY2015) with a 19 percent year-on-year increase to $ 71.4 million (H2 FY2014: $ 59.8 million). Fee income for the full year was $308.2 million and asset based income was $73 million (FY2014: $315.8 million and $47.6 million respectively).
Corporate investment (CI) continued to experience good levels of activity across Europe the United States Turkey and the GCC with $607 million of equity deployed in five new deals in the period.
The board proposed a full year dividend for ordinary shareholders of $15 per share in line with FY2014. The book value per ordinary share at June 30 2015 was $900 (FY2014: $737.8)
Mohammed Al-Ardhi executive chairman said: 'We are pleased to see continued growth across our core business lines driven by our blue-chip brand and placement capability in the Gulf. Our clients continue to place their trust in Investcorp to identify and deliver attractive alternative investment opportunities across our three areas of expertise within our core markets in the Gulf Europe and the United States. We continue to evolve and innovate in our product set to meet our clients' demands and our efforts to get even closer to our clients are showing real results.'
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