SICO reports BD159 thousand Net Profit in the first half of 2020

SICO reports BD159 thousand Net Profit in the first half of 2020

Ms. Najla M. Al Shirawi Chief Executive Officer, Shaikh Abdulla bin Khalifa Al Khalifa Chairman of the Board 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