SICO Reports BD 2.9 Million Net Profit in the First Half of 2019
Manama, Kingdom of Bahrain – 4 August 2019 SICO BSC (c),licensed as a conventional wholesale bank by the Central Bank ofBahrain “CBB”, announced today its consolidated results for the secondquarter and first half ended 30 June 2019. SICO’s consolidated net profitfor the first six months of 2019 increased 15% to BD 2.9 million comparedto the BD 2.5 million recorded in the same period of 2018. Net operatingincome grew 26% to BD 7.6 million in the first half of 2019 compared tothe BD 6.0 million achieved in the corresponding period last year. Totaloperating expenses, including staff overheads, general administrationand other expenses, recorded BD 3.8 million in the first half of 2019, anincrease of 17% compared to the BD 3.2 million recorded in the sameperiod last year. First half 2019 earnings per share (EPS) were 7.76Bahraini fils compared to 6.74 Bahraini fils in the first half of 2018. Totalcomprehensive income grew 13% to BD 3.0 million for the first sixmonths of 2019 compared to BD 2.7 million in the first half of 2018.
