Seef Properties’ Q4 earnings up 116%
Bahraini developer, Seef Properties has posted a 21% jump in net profits for 2013 and announced a cash dividend of 10%, Gulf Daily News has reported. Net profit for the fourth quarter more than doubled to BD4.97m from BD2.3m in the same period a year earlier. Full-2013 operating profit fell to BD11.15m, compared from BD11.56m for the same period of the previous year. Revenue for last year was up at BD12.19m from BD11.64m for the same period in 2012. Revenue for the fourth quarter increased from BD3.03m in 2012 to BD3.08m last year.