Securities & Investment Company (SICO) announced yesterday a net profit of BD 3.5 million for the first quarter of this year, a threefold increase when compared to 2007’s first quarter profits of BD 1.1 million.

Total income increased by 243 pct to BD 4.4 million (1Q07: BD 1.8 million) while earnings per share reached Bahrain fils 25, compared to Bahrain fils 8 for the corresponding period last year. Assets under Management increased by 11 pct to BD 257 million from the beginning of the year (4Q07: BD 230 million). Assets Under Custody increased similarly by 11 pct to BD 1.6 billion from BD 1.5 billion at the end of 2007.

The full press release in English & Arabic can be downloaded here.
First quarter Financial Statements are available here.