SICO Reports BD 6.4 Million (USD 17 million) Net Profit Attributed to Shareholders of the Bank for the Year Ended December 31, 2021, An Increase of 116% Year-On-Year

On a quarterly basis, SICO’s consolidated net profit attributable to shareholders increased by 120% in the fourth quarter of 2021 to record BD 2.7 million (USD 7.3 million), compared to BD 1.2 million (USD 3.3 million) for the same quarter of the previous year. Earnings per share increased to 6.77 Bahrain fils in the fourth quarter of 2021 from 3.37 Bahraini fils in the same period last year. Total comprehensive income attributed to shareholders increased by 76% in the fourth quarter of 2021 to BD 3.0 million (USD 8.0 million) compared to BD 1.7 million (USD 4.6 million) for the same quarter of the previous year.

For the full year 2021, SICO reported a consolidated net profit attributable to equity shareholders of BD 6.4 million (USD 17.0 million), an increase of 116% from the BD 3.0 million (USD 7.8 million) recorded at year-end 2020. Earnings per share increased by nearly 100% to 15.96 Bahraini fils during the year from 8.00 Bahraini fils in 2020. SICO’s comprehensive income attributed to shareholders increased by 142% to BD 7.1 million (USD 18.8 million) in 2021 compared to BD 2.9 million (USD 7.7 million) for 2020.

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