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Seef Properties Q3 profit rises 5.6%

Seef Properties Q3 profit rises 5.6%
Net profit for the first nine months of 2016 grew by 4.6% (Photo credit: Company's website)
Seef
SEEF
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Mubasher: Seef Properties posted on Sunday a rise of 5.6% in the company’s profits for the third quarter of fiscal 2016 to BHD 2.64 million ($7 million), versus BHD 2.5 million ($6.6 million) for Q3-15.

Net profit for the first nine months of 2016 grew by 4.6% to BHD 7.13 million from BHD 6.8 million for the same period last year, according to a bourse filing.

The company earlier reported a net profit of BHD 2.3 million for Q2-16, compared to BHD 2.2 million for Q2-15.