Bahrain's Investcorp reported a sharp increase in net profits during the first half of its fiscal year as deals resumed and it exited from assets purchased pre-crisis.
The Bahraini investment firm, which once owned the luxury goods brand Gucci and the Circle K convenience store, generated net income of US$39.2 million (Dh143.9m) during the last six months of last year, compared with $5.2m during the same period a year earlier.
The firm enjoyed success in fundraising and investments during the period, said Nemir Kirdar, the chairman and chief executive.
"We have enjoyed a six-month period of almost record deal flow for acquisitions as well as exits," he said.
No comments:
Post a Comment