SICO reports 66% fall in Q2 profit

Mubasher: Securities and Investment Company (SICO) posted on Wednesday a net profit of BHD 715,000 ($1.88 million) for the second quarter of the fiscal year 2016, 66.4% down from BHD 2.13 million ($5.6 million) for Q2-15.

Net profit also fell in the first half of fiscal 2016 by 88% to BHD 422,000 from BHD 3.54 million in the same period of 2015, according to a bourse filing.

SICO earlier reported net losses of BHD 293,000 for Q1-16, against a net profit of BHD 1.41 million for Q1-15.

Mubasher Contribution Time: 10-Aug-2016 10:32 (GMT)
Mubasher Last Update Time: 10-Aug-2016 10:32 (GMT)