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Seef Properties makes BHD5.20m profit in 9m

Seef Properties makes BHD5.20m profit in 9m
Seef
SEEF
-0.81% 0.12 -0.00
Seef Properties announced its consolidated financial statements for the third quarter ending September 30, 2014.

The statements showed operating profit of BHD8.53 million for the first nine months period of 2014 compared to BHD8.27 million for the corresponding period of last year.

The net profit for the nine months period stood at BHD5.20 million as compared to BHD5.05 million for the same period of 2013.

Revenues for nine months ending September 30 , 2014 was up at BHD9.15 million as against BHD9.10 million for the same period in 2013 primarily driven by increase in revenue from Rental income and Fraser Suites.

Meanwhile, the company delivered net profit of BHD1.77 million for the third quarter of 2014 as compared to BHD1.74 million in 2014.