Securities & Investment Company Announces Net Profit Of Bd 1.351 Million For The First Quarter 2012

Manama, Bahrain – May 9th , 2012: Bahrain-based Securities & Investment Company (SICO) announced today a net profit of BD 1.351 million (USDLRS 3.6 million) for the first quarter of 2012 compared to a loss of BD 627,000 (USDLRS 1.7 million) for the same period of the previous year. 

Net interest income during the first quarter of 2012 increased to BD 309 thousand (Q1 2011: BD 232 thousand), while fee and commission income declined to BD 548 thousand (Q1 2011: BD 565 thousand). Brokerage and other income fell to BD 168 thousand (Q1 2011: BD 316 thousand). Net Investment income stood at BD 1.527 million versus a loss of BD 654 thousand in the first quarter of 2011. 

The full press release in English & Arabic can be downloaded here

The Financial information can be downloaded here

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