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FINANCIAL NEWS
Sico net profit at USD10m in 2010
03 Mar 2011
(MENAFN) A spokesman of the Securities and Investment Company (SICO), announced that the company’s net profit in 2010 increased by 23 percent, year on year, amounting to USD10 million, reported Bahrain News agency.
The spokesman said that net investment income in 2010 went up to USD7.8 million compared to USD2.1 a year earlier. He also said that net interest income went down to USD4 million compared to USD4.5 million a year earlier.
He said that suggested dividends this year account to 6 percent of the company’s par paid-up capital, compared to 5 percent in 2009.
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