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Bahrain's SICO posts 66% drop in 9M earnings

Bahrain's SICO posts 66% drop in 9M earnings
Photo Credit: Arabianeye - Reuters
Sico
SICO-C
4.67% 0.16 0.01

Mubasher: Securities and Investment (SICO-C) reported BHD 2.2 million ($6 million) in net earnings for the first nine months of 2015, down 66% year-on-year from BHD 6.8 million ($18 million).

The company recorded earnings in the nine-month period despite the challenges and difficulties witnessed in the third quarter of the same fiscal year.    

SICO recorded losses of BHD 1.2 million in Q3-15, against earnings of BHD 1.7 million.

Total income declined from BHD 11.7 million to BHD 6.7 million.