SICO’s net consolidated profit for 2013 increases by 76% To BD 5.1 million

Manama, Bahrain – 23 February 2014: Bahrain-based licensed by the Central Bank of Bahrain as a conventional wholesale bank, Securities & Investment Company (SICO), announced today its financial results for the fourth quarter and full fiscal year ending 31 December 2013.

Net consolidated profit for the year increased by 76 %to BD 5.1million, compared with BD 2.9 million for 2012; while operating income grew by 41 %to BD 10.6 million from BD 7.5 million the previous year. Basic earnings per share rose by 86 %to 11.9 Bahraini fils from 6.71 Bahraini fils in 2012.

Total Operating Income for the final quarter of 2013 increased to BD 3.5 million compared to BD 2.2 million for the corresponding 2012 period while total expenses for the 4Q2013 rose to BD 1.7 million from BD 1 million for the 4Q2012. The net consolidated profit for the fourth quarter of 2013 is BD 1.8 million, compared with BD 1.2 million for the same period of the previous year.

The full press release in English can be downloaded here

The full press release in Arabic can be downloaded here

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The Consolidated Financial Statement can be downloaded here