SICO Reports BD 2.9 Million Net Profit in the First Half of 2019
04/08/2019Manama, Kingdom of Bahrain – 4 August 2019 SICO BSC (c), licensed as a conventional wholesale bank by the Central Bank of Bahrain “CBB”, announced today its consolidated results for the second quarter and first half ended 30 June 2019. SICO’s consolidated net profit for the first six months of 2019 increased 15% to BD 2.9 million compared to the BD 2.5 million recorded in the same period of 2018. Net operating income grew 26% to BD 7.6 million in the first half of 2019 compared to the BD 6.0 million achieved in the corresponding period last year. Total operating expenses, including staff overheads, general administration and other expenses, recorded BD 3.8 million in the first half of 2019, an increase of 17% compared to the BD 3.2 million recorded in the same period last year. First half 2019 earnings per share (EPS) were 7.76 Bahraini fils compared to 6.74 Bahraini fils in the first half of 2018. Total comprehensive income grew 13% to BD 3.0 million for the first six months of 2019 compared to BD 2.7 million in the first half of 2018.