VOL. XLVI

No 29

21-July-2003

BANK RESULTS

Investcorps Profits Climb 50%

Investcorp, a global investment group with offices in Bahrain, London and New York, announced on 15 July that net profits for the 18 months ended June 30 climbed to $75.1mn, which represents an increase of 50% over the 12 month period ended 31 December 2001. Investcorp has now changed its fiscal year-end to 30 June, with the 18-month period from January 2002 to June 2003 serving as the transitional fiscal period. Hereafter,...