Investcorp, a leader in alternative investment, continues to show resilience to Covid-19 impact with 17% growth in assets under management (AUM) to a record high of $37.6 billion in the fiscal year ended June 30, 2021.
Investcorp’s FY21 results were driven by good levels of activity across the core businesses of private equity, real estate, credit management and absolute return investments. This resulted in delivering a net profit attributable to the equity holders of the parent of $124 million compared to a loss of $165 million in FY20 and diluted earnings per share of $1.34 compared to a loss of$2.57 per share in FY20. Total comprehensive income attributable to the equity holders of the parent was $132 million compared to a loss of$210 million in FY20.
Total shareholders’ equity (excluding non-controlling interest) as of June 30, 2021, increased 46% to $1,270 million (FY20: $867 million) and total assets increased 13% to $2,391 million (FY20: $2,123million). The FY21recommendation for distribution of preferred and ordinary dividends is $44 million in aggregate, with the proposed ordinary dividend beingUS$0.30 per share versus $0.10 per share for FY20.
Mohammed Alardhi, Executive Chairman, said: “We are delighted to report strong financial and operational performance in what has been an incredibly challenging period for businesses globally. Whilst the coronavirus pandemic continues to present significant headwinds for many, we are making good progress on our growth journey and diversifying our investor, product and geographic base, which has not only helped us weather the pandemic but emerge from it in a robust position, well placed for our future long-term plan.”
