22 Sep 2014
Investcorp, a leading provider and manager of alternative investment products with more than $11 billion of assets under management, held its Ordinary General Meeting for shareholders in Bahrain today.
Investcorp management reviewed the performance of the 2014 fiscal year which saw the Firm deliver a strong 25% growth in net income and a very significant 84% growth in fully diluted earnings per share over the prior year. FY14 net income was $131.2 million (FY13: $70 per ordinary share) and a return on average equity of 16%. Investcorp returned approximately $1.3 billion in proceeds from realizations and distributions during the year.
The 2014 fiscal year marked five consecutive years of strong performance for Investcorp, reflecting a sustained and robust recovery from the financial crisis of 2008-2009. Since the end of FY09, Investcorp has seen its book value per ordinary share grow by 64%, while delivering aggregate earnings of $401 per ordinary share and an average return on equity of 11.4% per annum.