SICO first quarter of 2018 increased by 8 % to BD 1.42 million from BD 1.32 million

SICO BSC (c), a leading regional asset manager, brokerage, and investment bank ( licensed as a conventional wholesale bank by the CBB ), announced today that its net profit for the first quarter of 2018 increased by 8 % to BD 1.42 million from BD 1.32 million for the corresponding period of last year. With higher revenues being generated by all business lines, operating income grew by 16 % to BD 3.20 million from BD 2.70 million a year earlier. Total operating expenses, which include staff overheads, general administration and other expenses, increased to BD 1.78 million from BD 1.43 million. Earnings per share increased to Bahraini fils 3.85 compared to 3.19 fils for the first quarter of 2017.

The full press release can be downloaded here

Arabic can be downloaded here

SICO Condensed Consolidated INTERIM May 2018 download here