February 28, 2011 - Manama:  Bahrain-based Securities & Investment Company (SICO) announced today a net profit of BD 3.785 million for the year ending December 31, 2010 compared to BD3.078 million at the end of 2009, representing an increase of 23% from the previous year.

The financial markets remained volatile during the year; however by the second half of the year the firm benefited from buoyant global and GCC equity and fixed income trading conditions. As a result, trading revenues and investments at fair value both increased substantially.  Net Investment income increased to BD 2.968 million (2009: 795 thousand)