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Mixed finances for Investcorp
- Bahrain: Thursday, July 24 - 2008 at 11:39
Asset management firm Investcorp has announced a gross income fee for its 12 months to end of June of $382.9 slightly lower than its previous year's performance. Gross asset based income dropped 58% to $199.5 and net income for the period fell 50% to $151.1m. The company said despite the depressed financial markets, it said it had its second most profitable year. The company said its performance highlights the contrast between the booming economies of the Middle East and the turbulent market conditions across the US and Western Europe.
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StaffThursday, July 24 - 2008 at 11:39 UAE local time (GMT+4)
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