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Seef Properties' profits rise 4.6% in Q2

Seef Properties' profits rise 4.6% in Q2
Net profit reached BHD 2.3 million ($6.05 million) in Q2-16 (Photo credit: Company's website)
Seef
SEEF
-0.81% 0.12 -0.00

Mubasher: Seef Properties Company’s earnings grew in the second quarter of fiscal 2016 by 4.6% year-on-year.

Net profit reached BHD 2.3 million ($6.05 million) in Q2-16, versus BHD 2.2 million ($5.79 million) in Q2-15, according to a bourse filing.

In the first half of 2016, earnings leapt by 3.2% to BHD 4.49 million from BHD 4.35 million in the same period of 2015.

The company earlier reported a rise of 11% in its profits for Q1-16 to BHD 2.2 million, compared to BHD 1.98 million posted for Q1-15.