Manama, Bahrain – May 11^th, 2010: Bahrain-based Securities & Investment Company (SICO) announced today a net profit of BD 1.28 million for the first quarter of 2010 compared to a loss of BD 167,000 for the same period of the previous year  

Net interest income during the year increased to BD 446,000 (Q1 2009: BD 377,000), while fee and commission income grew to BD 513,000 (Q1 2009: BD 421,000). Brokerage and other income increased to BD 360,000 (Q1 2009: BD 304,000).  Net Investment income stood at BD 920 thousand versus a loss of BD 432 thousand in the first quarter of 2009.   

Operating income increased threefold to BD 2.239 million (Q1 2009 : BD 670,000), with  earnings per share growing to 3 Bahrain fils, versus a marginal  loss per share of 0.39 Bahraini  fils for the same period the previous year .

The full press release in English and Arabic can be downloaded here.

The Financial Results advertisment in English can be downloaded here.

The Financial Results advertisment in Arabic can be downloaded here .