SICO Reports a Net Profit of BD 3.7 million Attributed to the Shareholders of the Bank in the Nine Months of 2021

On a quarterly basis, SICO reported a consolidated net profit attributable to the shareholders of the bank for the third quarter of 2021 amounting to BD 790 thousand compared to BD 1.6 million recorded in the same quarter last year, a 49% year-on-year decline. The decline in quarterly net profitability was mainly due to lower investment income in the third quarter of the year compared with the third quarter of the previous year, which witnessed strong market rebound post the decline experienced across all asset classes earlier in the year. Earnings per share (EPS) recorded 2.10 Bahraini fils in the third quarter of 2021 against 4.20 Bahraini fils in the same period last year. SICO’s total comprehensive income for 3Q-2021 stood at BD 897 thousand compared to BD 1.9 million in 3Q-2020, representing a decrease of 52%.

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