SICO announces BD 3.7 million consolidated net profit for 2018

SICO BSC (c), a leading regional asset manager, broker and investment bank (licensed as a conventional wholesale bank by the Central Bank of Bahrain “CBB”), announced today full-year consolidated net profit of BD 3.7 million in 2018, up 12% compared to the BD 3.3 million recorded in 2017. SICO’s total comprehensive income remained unchanged in 2018 at BD 3.8 million. Net profit growth for the year was driven by higher revenues and improved operational performance across all of SICO’s business lines.Net operating income was up 16% to BD 10.7 million in 2018 compared to the BD 9.3 million recorded in 2017, while total operating expenses recorded BD 6.7 million in 2018, up 14% over 2017 figure of BD 5.8 million. SICO’s earnings per share (EPS) for 2018 was 10.01 Bahraini fils compared to 8.01 Bahraini fils in the previous year. 

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04/03/2019