SICO Reports BD 3.6 million net profit for the Nine Months of 2019


Manama, Kingdom of Bahrain – 13 November 2019 SICO 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 2019. SICO’s consolidated net profit for the nine months of 2019 increased 10% to BD 3.6 million compared to the BD 3.3 million recorded in the same period of 2018. Net operating income grew 11% to BD 9.3 million in the ninemonth period of 2019 compared to BD 8.3 million during the corresponding period last year. Total operating expenses, including general administration expenses, staff overheads, and other expenses, recorded BD 5.6 million in the first nine months of 2019 versus BD 4.8 million in the nine-month period of 2018 . Earnings per share (EPS) for the nine months of 2019 were 9.67 Bahraini fils compared to 8.82 Bahraini fils for the corresponding period of 2018. Total comprehensive income grew by 20% from the BD 3.4 million recorded in the nine months of 2018 to BD 4.1 million in the same period of 2019.

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