Mubasher: Investcorp Bank achieved 12% growth in net income during the six months which ended 31 December, 2015 as compared to the same period of 2014.
The bank posted net income worth $50.9 million in the six-month period, compared to $45.3 million in the corresponding period of 2014.
Investcorp, a Bahrain-based alternative investment firm, said in a bourse statement that the “Fully diluted earnings per share for the period was in line with the previous year at $0.71 per share. Return on equity for the period was 12% on an annualized basis.”
It added that the gross operating income increased 16% to $178.4 million by the end of the six months ended 31 December, 2015 as compared to $154 million in the same period a year earlier.
