09/05/2018
SICO first quarter of 2018 increased by 8 % to BD 1.42 million from BD 1.32 million

SICO BSC (c), a leading regional asset manager, brokerage, and investment bank ( licensed as a conventional wholesale bank by the CBB ), announced today that its net profit for the first quarter of 2018 increased by 8 % to BD 1.42 million from BD 1.32 million for the corresponding period of last year. With higher revenues being generated by all business lines, operating income grew by 16 % to BD 3.20 million from BD 2.70 million a year earlier. Total operating expenses, which include staff overheads, general administration and other expenses, increased to BD 1.78 million from BD 1.43 million. Earnings per share increased to Bahraini fils 3.85 compared to 3.19 fils for the first quarter of 2017.

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25/02/2018
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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13/11/2017
SICO Reports Net Profit of BD 2.9 Million for the First Nine Months of 2017

SICO BSC (c), licensed by the Central Bank of Bahrain as a conventional wholesale bank, today reported a significant increase in net profits to BD 2.9 million for the nine month period ended 30 September 2017. This compares with a restated profit of BD 886 thousand for the corresponding period last year. The restatement to the 2016 figures was warranted due to the adoption of IFRS 9 accounting standard and the impact of this restatement amounted to BD 949 thousand for the nine month period ended 30 September 2016. Steady growth across business lines and strict control over expenditures allowed the bank to recover from a difficult and volatile year. Total income for the period ended 30 September 2017 increased 59 per cent to BD 7.9 million compared with BD 4.9 million for the corresponding period in 2016, fueled by growth in fees, brokerage revenues and interest income.

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13/08/2017
SICO Reports Net Profit of BD 2.1 Million for First Half 2017

Securities & Investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced today its financial results for the first six months of 2017 and the second quarter of the year.

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09/05/2017
SICO Announces BD1.32 Million Net Profit for the First Quarter of 2017

Securities & investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced today that net profit for the first quarter of 2017 increased to BD 1.32 million compared with BD 30 thousand for the corresponding period in 2016. With higher revenues being generated by all business lines, operating income grew by 121 per cent to BD 2.90 million from BD 1.31 million a year earlier. Total operating expenses, which include staff overheads, general administration and other expenses, increased marginally to BD 1.39 million from BD 1.37 million. Earnings per share were Bahraini fils 3.07 compared with 0.07 fils for the first three months of 2016.

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18/02/2017
SICO Announces BD 2.3 Million Net Profit for 2016

Securities & Investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced today its financial results for the fourth quarter and full fiscal year ending 31 December 2016.

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