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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.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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