Mubasher: Seef Properties reported a growth of 2.3% in net profits during the third quarter of 2017 compared to the same period a year ago.
Earnings increased to nearly BHD 2.7 million ($7.1 million) in Q3-17 from BHD 2.64 million ($6.95 million) in Q3-16, according to a bourse statement issued on Tuesday.
During the first nine months of 2017, Seef achieved a growth of 10.8% in profits to BHD 7.9 million compared to BHD 7.13 million in the same period last year.
The operating profit increased to BHD 3.8 million, compared with BHD 3.4 million in the same period in 2016.
It is worth noting that Securities & Investment Company (SICO) earlier expected Seef to record a year-on-year rise of 2% in its profits to BHD 2.7 million.
