Mubasher: Seef Properties reported a growth of 11.4% in profits during the first quarter of 2017, compared to the same period of the prior year.

The company’s net profit increased to BHD 2.45 million ($6.5 million) in Q1-17 from BHD 2.2 million ($5.8 million) in Q1-16, according to a bourse filing issued on Monday.

Seef Properties said that the gross profit reached BHD 4.4 million in Q1-17, resulting from leasing properties at a value of BHD 3.5 million.