SICO Reports BD 2.8 million (USD 7.5 million) Net Profit Attributable to Shareholders in the Nine Months of 2022

On a quarterly basis, SICO recorded a consolidated net profit attributable to shareholders amounting to BD 336 thousand (USD 891 thousand) in the third quarter of 2022 compared to BD 871 thousand (USD 2.3 million) recorded in the same quarter last year, a 61% year-on-year decline. A consistently turbulent global financial market – where for the third consecutive quarter equities and bonds continued to slide and registered historical negative performance – had negatively impacted investment income during the quarter. Earnings per share (EPS) were 0.80 Bahraini fils in the third quarter of the year compared to 2.07 Bahraini fils in the third quarter of 2021. SICO reported a total comprehensive income of BD 183 thousand (USD 485 thousand) for third quarter 2022 compared a total comprehensive income of BD 816 thousand (USD 2.16 million) booked in the same quarter last year, representing a 78% decline.

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