SICO’s net profit increases by 71% to BD 1.9 million

Manama, Bahrain –30th July 2013: Bahrain-based regional investment bank, Securities & Investment Company (SICO), announced today its financial results for the second quarter of 2013 and the first six months of the year.

 Net profit for the first half of the year increased by 71 per cent to BD 1.92 million (1H12: BD 1.12 million), while operating income grew by 26% to BD 4.4 million (1H12: BD 3.5 million). Basic earnings per share rose to 4.49 Bahraini fils (1H12: 2.63 fils).

For 2Q13, net profit improved to BD 900 thousand, compared with a loss of BD 457 thousand for the 2Q12; while income rose to BD 2.13 million, compared with BD 699 thousand for the corresponding period for 2012. Basic earnings per share rose to 2.1 Bahraini fils (2Q 12: negative1.07 fils).

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

The English advertisement can be downloaded here

The Arabic advertisement can be downloaded here

The interim financial information for the period ended 30 June 2013 can be downloaded here