SICO net profit increases by 166% to BD 5.1 million

SICO’S NET PROFIT INCREASES BY 166% TO BD 5.1MILLION

FOR THE FIRST HALF OF 2014

 

Manama, Bahrain –26 July 2014: Securities & Investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced today its financial results for the second quarter of 2014 and the first six months of the year.

 

Net profit for the first half of 2014 increased by 166% to BD 5.1 million ( H1 2013 : BD 1.9 million) ; while operating income grew by 87% to BD 8.2 million( H1 2013 : BD 4.4 million). Basic earnings per share rose from Bahraini fils 4.5 to 11.8 fils.

 

For the second quarter of 2014, net profit increased to BD 2.5 million (Q2 2013: BD 901 thousand); while operating income rose by 86% to BD 4.0 million (Q2 2013: BD 2.2 million). Basic earnings per share rose from Bahraini fils 2.1 for Q2 2013 to 5.8 fils for Q2 2014.

 

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

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The Condensed consolidated interim financial results can be downloaded here