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FINANCIAL NEWS
Bahrain’s Seef Properties reports USD8.8m profit in H1
19 Jul 2013
(MENAFN) Bahrain developer Seef Properties reported a 3.33 percent increase in consolidated net profit during the first six months of 2013, citing improving level of business activity, Gulf Daily News reported.
The company said it made USD8.78 million during the first half, up from USD8.44 million achieved a year ago.
Gross rental revenue grew by 1.39 percent to USD11.34 million in the January-June period, up from USD11.2 million a year earlier.
Other financial aspects in the statement included a 7.97 percent increase in half-yearly operating profits to USD15 million compared to USD13.93 million.
Revenue from Magic Island grew by 11 percent to USD1.7 million from USD1.53 million in the same period last year.
Earnings from Fraser Suites grew by 27.93 percent to USD2.77 million from USD2.16 million.
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02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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