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13/11/2022

SICO Reports BD 2.8 million (USD 7.5 million) Net Profit Attributable to Shareholders in the Nine Months of 2022

On a quarterly basis, SICO recorded a consolidated net profit attributable to shareholders amounting to BD 336 thousand (USD 891 thousand) in the third quarter of 2022 compared to BD 871 thousand (USD 2.3 million) recorded in the same quarter last year, a 61% year-on-year decline. A consistently turbulent global financial market – where for the third consecutive quarter equities and bonds continued to slide and registered historical negative performance – had negatively impacted investment income during the quarter. Earnings per share (EPS) were 0.80 Bahraini fils in the third quarter of the year compared to 2.07 Bahraini fils in the third quarter of 2021. SICO reported a total comprehensive income of BD 183 thousand (USD 485 thousand) for third quarter 2022 compared a total comprehensive income of BD 816 thousand (USD 2.16 million) booked in the same quarter last year, representing a 78% decline.

11/08/2022

SICO Reports BD 2.5 million (USD 6.6 million) Net Profit Attributable to Shareholders of the Bank in the First Half of 2022

On a quarterly basis, SICO recorded a consolidated net profit attributable to shareholders amounting to BD 280 thousand (USD 730 thousand) in the second quarter of 2022 compared to BD 1.57 million (USD 4.2 million) recorded in the same quarter last year, an 82% year-on-year decline.

12/05/2022

SICO Reports BD 2.2 Million (USD 5.8 million) Net Profit Attributed to Shareholders of the Bank for the First Quarter 2022, an 81% Increase from Same Period Last Year

Strong growth driven a 57% y-o-y growth in net fee income and an almost two-fold increase in investment income

22/02/2022

SICO Reports BD 6.4 Million (USD 17 million) Net Profit Attributed to Shareholders of the Bank for the Year Ended December 31, 2021, An Increase of 116% Year-On-Year

On a quarterly basis, SICO’s consolidated net profit attributable to shareholders increased by 120% in the fourth quarter of 2021 to record BD 2.7 million (USD 7.3 million), compared to BD 1.2 million (USD 3.3 million) for the same quarter of the previous year. Earnings per share increased to 6.77 Bahrain fils in the fourth quarter of 2021 from 3.37 Bahraini fils in the same period last year. Total comprehensive income attributed to shareholders increased by 76% in the fourth quarter of 2021 to BD 3.0 million (USD 8.0 million) compared to BD 1.7 million (USD 4.6 million) for the same quarter of the previous year.

11/11/2021

SICO Reports a Net Profit of BD 3.7 million Attributed to the Shareholders of the Bank in the Nine Months of 2021

Stellar performance yields 113% growth in net consolidated profit and growth in AUMs of 79%

11/08/2021

SICO Reports BD 2.8 million Net Profit for First Half of 2021

On a year-to-date basis, SICO recorded a consolidated net profit attributable to the shareholders of the parent for the first six months of 2021 amounting to BD 2.8 million, an increase of 1,652% from the BD 159 thousand recorded in the first half of 2020.

11/05/2021

SICO Reports BD 1.2 million Net Profit for the First Quarter of 2021

SICO’s consolidated net profit for the first quarter was BD 1.2 million, an increase of 168% and reversing the net loss of BD 1.8 million posted in the first quarter of 2020.

28/02/2021

SICO Reports BD 3.0 million Net Profit for the year ended December 31, 2020

SICO’s consolidated net profit for the fourth quarter was BD 1.2 million, a decrease of 49% year-on-year from the BD 2.5 million for the same quarter in 2019. Earnings per share (EPS) for the quarter were 3.37 Bahraini fils, compared to 6.65 Bahraini fils in the fourth quarter of 2019. Total comprehensive income for the fourth quarter of 2020 amounted to BD 1.7 million, a decrease of 38% from the BD 2.8 million recorded in the same quarter of 2019. The decline in consolidated net profit for the fourth quarter 2020 compared to the same quarter is 2019 is attributed to lower performance fees for assets under management as a result of the COVID-19 pandemic.

11/11/2020

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

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 2020.

13/08/2020

SICO Reports BD159 thousand Net Profit in the First Half of 2020

SICO BSC (c), licensed as a conventional wholesale bank by the Central Bank of Bahrain “CBB”, announced today its consolidated results for the first half of the year ended 30 June 2020. SICO recorded a consolidated net profit for the first six months of 2020 amounting to BD 159 thousand, a decrease of 94% from the BD 2.9 million recorded in the first half of 2019. Earnings per share (EPS) were 0.43 Bahraini fils for the first six months of 2020 compared to 7.76 Bahraini fils in the same period of 2019. SICO recorded a total comprehensive loss for the first half of 2020 of BD 666 thousand compared to a total comprehensive income of BD 3.0 million in the first six months of 2019.

02/03/2020

SICO reports BD 6.0 million net profit for the year ended 31 December 2019 an increase of 63% from the previous year

SICO BSC (c), licensed as a conventional wholesale bank by the Central Bank of Bahrain “CBB”, announced today its consolidated results for the final quarter and full year ended 31 December 2019.

13/11/2019

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.

04/08/2019

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 of Bahrain “CBB”, announced today its consolidated results for the second quarter and first half ended 30 June 2019.

14/05/2019

SICO Reports BD 1.9 Million Net Profit for First Quarter 2019

Manama, Kingdom of Bahrain – 14 May 2019 SICO BSC (c), licensed as a conventional wholesale bank by the Central Bank of Bahrain “CBB”, announced today its consolidated results for the first quarter ended 31 March 2019.

04/03/2019

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.

07/11/2018

SICO Announces 3.3 Million Net Profit

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 its consolidated results for the nine months ended 30 September 2018, reporting a 13% increase in total operating income to BD 8.3 million as compared to the same period in 2017. SICO’s net profit for the nine months period came in at BD 3.3 million, up 13% compared to the nine months period ended 30 September 2017.

30/07/2018

SICO reports BD 2.5 million six month net profit

SICO BSC (c), a leading regional asset manager, broker, and investment bank (licensed as a conventional wholesale bank by the Central Bank of Bahrain), announced today that its net profit for the first half of 2018 increased by 19% to BD 2.5 million from BD 2.1 million for the corresponding period of last year.

09/05/2018

SICO first quarter of 2018 increased by 8 % to BD 1.42 million from BD 1.32 million

SICO BSC (c), a leading regional asset manager, brokerage, and investment bank ( licensed as a conventional wholesale bank by the CBB ), announced today that its net profit for the first quarter of 2018 increased by 8 % to BD 1.42 million from BD 1.32 million for the corresponding period of last year. With higher revenues being generated by all business lines, operating income grew by 16 % to BD 3.20 million from BD 2.70 million a year earlier. Total operating expenses, which include staff overheads, general administration and other expenses, increased to BD 1.78 million from BD 1.43 million. Earnings per share increased to Bahraini fils 3.85 compared to 3.19 fils for the first quarter of 2017.

25/02/2018

SICO Posts 41% Increase in Profits To BD 3.3 Million

Securities & Investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, today announced a net consolidated profit of BD 3.3 million for 2017, a 41 percent increase compared to the BD 2.3 million posted last year. Net operating income was higher by 19 percent from BD 7.8 million in 2016 to BD 9.3 million, while total operating expenses, including staff overheads, general administration and other expenses, were up from BD 5.3 million in 2016 to BD 5.8 million. Earnings per share in 2017 rose to 8.01 fils compared to 5.69 fils in the previous year. The growth in profits was attributed to an improvement in revenues across all income lines.

13/11/2017

SICO Reports Net Profit of BD 2.9 Million for the First Nine Months of 2017

SICO BSC (c), licensed by the Central Bank of Bahrain as a conventional wholesale bank, today reported a significant increase in net profits to BD 2.9 million for the nine month period ended 30 September 2017. This compares with a restated profit of BD 886 thousand for the corresponding period last year. The restatement to the 2016 figures was warranted due to the adoption of IFRS 9 accounting standard and the impact of this restatement amounted to BD 949 thousand for the nine month period ended 30 September 2016. Steady growth across business lines and strict control over expenditures allowed the bank to recover from a difficult and volatile year. Total income for the period ended 30 September 2017 increased 59 per cent to BD 7.9 million compared with BD 4.9 million for the corresponding period in 2016, fueled by growth in fees, brokerage revenues and interest income.

13/08/2017

SICO Reports Net Profit of BD 2.1 Million for First Half 2017

Securities & Investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced today its financial results for the first six months of 2017 and the second quarter of the year.

09/05/2017

SICO Announces BD1.32 Million Net Profit for the First Quarter of 2017

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 BD 1.32 million compared with BD 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 BD 2.90 million from BD 1.31 million a year earlier. Total operating expenses, which include staff overheads, general administration and other expenses, increased marginally to BD 1.39 million from BD 1.37 million. Earnings per share were Bahraini fils 3.07 compared with 0.07 fils for the first three months of 2016.

18/02/2017

SICO Announces BD 2.3 Million Net Profit for 2016

Securities & Investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced today its financial results for the fourth quarter and full fiscal year ending 31 December 2016.

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