Bahrain's Investcorp records $165m loss for 2019-20 financial year

06/08/2020 10:11 AST

Bahrain’s Investcorp slipped into a $165 million loss for the 12 months ended June 30, against profits of $131 million a year ago.

The COVID-19 played its part in the loss, as fee income contracted 23 per cent to $288 million from $376 million. “Despite reduced fee income, the increased reliance on - and stability of - recurring fee income helped to cover operating expenses,” the company said in a statement.

The ensuing “recession” also impacted on asset-based income, which recorded a $100 million loss from an $89 million profit. It was attributed to “fair value declines” related to a number of assets operating in “secularly challenged industries”, retail being one of them.


Gulf News

News

Investcorp unit acquires Cork and Dublin IT firm

18/06/2020

Bahrain-based Investcorp, a leader in alternative investment, said that its portfolio company Calligo, a global end-to-end managed data services provider, has acquired Itomic Voice & Data, a Cork and

Trade Arabia

Investcorp growth continues; net income rises to $125m

09/08/2018

Investcorp, a global provider and manager of alternative investment products, reported an aggregate net income of $125 million for the year ended June 30, 2018 (FY 2018), an increase of 4% year-on-ye

Trade Arabia

Investcorp announces sale of Nobel Learning Communities

02/08/2018

Investcorp, a leading global provider and manager of alternative investments, yesterday announced it has completed the sale of Nobel Learning Communities, one of the leading providers of private educ

The Peninsula

Most Viewed Companies

Ticker Price Volume
ZAIN.TASI 6.15 1,527,023

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
UGH 1.12 0.00 (0.00%)
GFH 0.38 0.00 (0.00%)
ABC 0.38 0.00 (0.00%)
BARKA 0.30 0.00 (0.00%)
BCFC 0.74 -0.01 (-1.34%)

Recent News

Aramex's revenue surges 4pc to $359m in Q2

06/08/2020

Aramex, a leading provider of logistics and transportation solutions, has registered a 4 per cent growth in its revenues for the second quarter which surged to hit AED1.32 billion ($359 million), com

Trade Arabia

Abu Dhabi's Waha Capital trims first-half 2020 attributable losses to Dh27.2m

05/08/2020

Abu Dhabi based investment company Waha Capital recorded a net loss of Dh27.2 million - attributable to shareholders - for the first six months of 2020, an improvement on the Dh124.38 million it rec

Gulf News

FAB issues Formosa bond globally

05/08/2020

First Abu Dhabi Bank (FAB), recently announced the issuance of the largest-ever Chinese Yuan (CNH) denominated dual-listed Formosa bond globally, with a CNH 3.25 billion five-year issuance.

The Gulf Today

Etisalat to pay out Q2 interim dividends from August 11

05/08/2020

UAE's leading telecom services operator Etisalat Group has announced that the interim dividend of 15 fils per share for the second quarter will be paid out starting from August 11 through the First A

Trade Arabia

NBB in tie-up to transform transaction banking

05/08/2020

The National Bank of Bahrain (NBB) has partnered with Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, to adopt the Finacle Cash Management Suite, which will allow th

Trade Arabia

logo

Market Information Trading Co.

(MITCO), P.O. Box 15570, Jeddah 21454, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2017, Market Information Trading Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap