SICO posts net profit of BD 715 thousand for second quarter 2016 Asset Under Management reach US$ 1.02 billion

Manama, Kingdom of Bahrain – 10 August, 2016: 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 2016 and the first six months of the year.

Net profit for the first half of 2016 was BD 422 thousand compared with BD 3.53 million for the first six months of 2015, a decrease of 88 per cent reflecting the challenging economic and market environment during the first half of this year as compared to the first half of the previous year. Operating income totaled BD 3.65 million versus BD 6.78 million for the same period last year. Basic earnings per share were Bahraini 0.99 fils against 8.25 fils for the first six months of 2015.

 

The full press release in English & Arabic can be downloaded (English|Arabic)

The advertisement in English & Arabic can be downloaded (English|Arabic)