SICO Reports BD 3.0 million Net Profit for the year ended December 31, 2020

SICO’s consolidated net profit for the fourth quarter was BD 1.2 million, a decrease of 49% year-on-year from the BD 2.5 million for the same quarter in 2019. Earnings per share (EPS) for the quarter were 3.37 Bahraini fils, compared to 6.65 Bahraini fils in the fourth quarter of 2019. Total comprehensive income for the fourth quarter of 2020 amounted to BD 1.7 million, a decrease of 38% from the BD 2.8 million recorded in the same quarter of 2019. The decline in consolidated net profit for the fourth quarter 2020 compared to the same quarter is 2019 is attributed to lower performance fees for assets under management as a result of the COVID-19 pandemic.

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