Thursday 11, May 2017 by William Mullally

Bahrain's SICO announces Q1 results

Securities & investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced today that net profit for the first quarter of 2017 increased to BHD 1.32 million compared with BHD 30 thousand for the corresponding period in 2016.

Securities & investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced today that net profit for the first quarter of 2017 increased to BHD 1.32 million compared with BHD 30 thousand for the corresponding period in 2016.

With higher revenues being generated by all business lines, operating income grew by 121 per cent to BHD 2.90 million from BHD 1.31 million a year earlier. Total operating expenses, which include staff overheads, general administration and other expenses, increased marginally to BHD 1.39 million from BHD 1.37 million. Earnings per share were Bahraini fils 3.07 compared with 0.07 fils for the first three months of 2016.

Features & Analyses

Investment Banking Creating a diverse bond market

In an exclusive mini roundtable, Nabilah Annuar, Banker Middle East Editor, sits down with Michael Grifferty, President of the Gulf… read more