SICO Reports BD 1.7 million Net Profit in the First Nine Months of 2020

11/11/2020SICO BSC (c), licensed as a conventional wholesale bank by the Central Bank of Bahrain “CBB”, announced today its consolidated results for the third quarter and nine-month period ended 30 September 2020.

On a quarterly basis, SICO’s consolidated net profit for the third quarter of 2020 was BD 1.6 million, marking a 119% increase compared to BD 708 thousand from the same quarter in 2019. Earnings per share (EPS) for the quarter were 4.20 Bahraini fils, compared to 1.91 Bahraini fils in the third quarter of 2019. Total comprehensive income for the third quarter of 2020 increased by 78% to BD 1.9 million from BD 1.1 million recorded in the same quarter of 2019.

For the full release in English & Arabic, click here