SICO Announces BD1.32 Million Net Profit for the First Quarter of 2017

Securities & investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced today that net profit for the first quarter of 2017 increased to BD 1.32 million compared with BD 30 thousand for the corresponding period in 2016.  With higher revenues being generated by all business lines, operating income grew by 121 per cent to BD 2.90 million from BD 1.31 million a year earlier. Total operating expenses, which include staff overheads, general administration and other expenses, increased marginally to BD 1.39 million from BD 1.37 million. Earnings per share were Bahraini fils 3.07 compared with 0.07 fils for the first three months of 2016.

The full press release in English & Arabic can be downloaded here.