Manama – Mubasher: Seef Properties said Q1 net profits rose 26.9% to BHD 1.98 million ($5.2 million), compared with BHD 1.56 million ($4.1 million) in the prior-year period.

Earnings per share rose to 4.31 fils, compared with 3.40 fils in Q1-14.

Chairman Eissa Najibi said his company will focus on achieving even better results in the coming period. He added that Seef Mall, which was launched recently, helped boost the group’s revenues.

The Bahrain-listed company previously reported a rise in FY14 net profits to BHD 10.82 million, from BHD 10 million a year earlier.