Mubasher: Securities & Investment Company (SICO) has forecast that Nass Corporation will be the only Bahraini company to register profits lower by 6% on an annual basis to BHD 800,000 during the third quarter of 2017.
SICO expected the profits of Ahli United Bank (AUB) to increase by 7% year-on-year to BHD 56.6 million by the end of Q3-17 due to higher net income.
Meanwhile, AUB is projected to post 1% lower profits in Q3 than in Q2 when it registered BHD 57 million.
The National Bank of Bahrain (NBB) is forecast to widen its profits by 14% on an annual basis to BHD 16.5 million.
SICO expected in its report that Batelco’s profits will grow 8% to BHD 10.6 million.
Seef Properties is likely to record a year-on-year rise of 2% in profits to BHD 2.7 million.
SICO Investment Bank is considered one of the premier investment banks in the GCC region.
