Mubasher: Global provider and manager of alternative investment products Investcorp on Sunday reported its full year 2015 results for the fiscal year ended 30 June, 2015.

The investment manager posted a net income of $116.7 million, a rise of 13% from $103.1 million recorded in FY14, representing a 70% increase in fully-diluted (after the payment of preference share dividends and other obligations) earnings per share (EPS) to $129 per ordinary share and a return on equity of 16%, according to a statement.

The momentum of the Bahrain-based Investcorp’s earnings during H2-15 grew 19% year-on-year to $71.4 million, compared to $59.8 million in H2-14.

Fee income for the full year stood at $308.2 million, while asset-based income amounted to $73.0 million, compared to $315.8 million and $47.6 million, respectively in FY14.

“Performance was driven by strong momentum across Investcorp’s investment, placement and realisation activities as demand from the firm’s Gulf clients for attractive, diversified global alternative investment products continue to grow”, the company said in its statement, adding that it believes it is well-positioned to gain a larger market stake owing to its strong brand and long performance track record.

Meanwhile, in terms of investment, corporate investment (CI) enjoyed good levels of activity across Europe, the US, Turkey, and the GCC, with $607 million of equity deployed in five new deals in FY15.

“Aggregate investment activity in CI in the past three years now totals $2 billion,” the statement revealed, adding that in real estate, the full-year period witnessed investments worth $368 million. 

Investcorp’s executive chairman Mohammed Al Ardhi said his company was pleased to see continued growth across its core business lines, backed by its “blue-chip brand and placement capability in the Gulf.”

“We are particularly pleased to see continued momentum in our financial performance where we’re delivering high quality, less concentrated and more predictable earnings against the backdrop of what have been challenging markets in recent years,” he added.