Seef reports BD11.19m profit – News of Bahrain- DT News

Seef reports BD11.19m profit – News of Bahrain- DT News

Seef Properties (SEEF) reported a fourth-quarter net profit attributable to the parent of BD 3.86 million, compared to BD 3.77m in the prior-year quarter, with an increase of 2.34 per cent.. Total comprehensive income for the quarter increased by 2.34pc to BD 3.86m helped by increases in the share of profits from investments in the associate and joint venture companies.. Operating profit stood at BD 3.65m, compared to BD 3.82m in the year-ago quarter, with a decrease of 4.69pc.. Seef Properties has reported a net profit attributable to the parent of BD 10.93m, in comparison with BD 10.91m a year ago, achieving an increase of 0.11pc.. Diluted earnings per share amounted to 23.75 fils for the year ended 31 December 2019, compared to 23.73 fils for the same period of the previous year.. Total comprehensive income increased by 0.67pc to BHD 11.19m helped by new cost-saving initiatives which affected efficiency and controlled expenses.. Operating profit increased 1.86pc to BD 15.13m from BD 14.85m in the year-ago period.. Total equity attributable to the shareholders (after excluding the equity attributable to minority) for the period ended 31 December 2019, has increased by 2.46pc reaching BD 154.54m, compared to BD 150.83m for the