SICO reports 166% surge in H1 earnings

July 30, 2014 4:28 pm

Bahraini conventional wholesale bank, Securities & Investment Co (SICO) has said its net profit for the first half of 2014 surged 166% to BD5.1m from BD1.9m in the corresponding period a year ago, Khaleej Times has reported. Operating income jumped 87% to BD8.2m, compared with BD4.4m in 2013. For the second quarter of 2014, net profit increased to BD2.5m, compared with BD901,000 in the same quarter in 2013, while operating income rose by 86% to BD4m, against BD2.2m in the year earlier period.