Bahrain Securities and Investment Co Q2 profit down 80%

15 August 2010

Bahrain's Securities and Investment Co has said its second-quarter net profit plunged 80% to BD252,000 from a profit of BD1.28m for the previous quarter. The firm said it was affected by a drop in its trading revenues, in addition to a lack of client activities particularly in investment banking during a particularly volatile second quarter. However, net profit for the first six months of the year rose 64% to BD1.532m from BD935,000 for the first half of 2009.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications