SICO Posts 41% Increase in Profits To BD 3.3 Million

Securities & Investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, today announced a net consolidated profit of BD 3.3 million for 2017, a 41 percent increase compared to the BD 2.3 million posted last year. Net operating income was higher by 19 percent from BD 7.8 million in 2016 to BD 9.3 million, while total operating expenses, including staff overheads, general administration and other expenses, were up from BD 5.3 million in 2016 to BD 5.8 million. Earnings per share in 2017 rose to 8.01 fils compared to 5.69 fils in the previous year. The growth in profits was attributed to an improvement in revenues across all income lines.

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