Mubasher: Bahrain’s Investcorp posted a year-on-year fall of 22.8% in its net profit for the fiscal year ended on 30 June 2016.
Net profit amounted to $90.95 million in FY16, versus $116.71 million reached in FY15, according to a bourse statement.
Net income decreased in FY16 due to higher operating expenses, which reflects an investment in resources and infrastructure to support the company’s medium term growth strategy.
The total money invested during FY16 came to $648 million through seven deals, the statement said.
