SEEF PROPERTIES REPORTS NET PROFIT OF BD 3.64 MILLION ATTRIBUTABLE TO PARENT FOR THE NINE-MONTH PERIOD ENDED 30 SEPTEMBER 2020

Seef Properties B.S.C (Bahrain Bourse Trading Code: SEEF) (“Company”), recently announced its financial results for the nine-month period ended 30 September 2020, including the financial results of the third quarter of 2020. 

The Company achieved net profit and total comprehensive income attributable to the parent of BD 0.93 million for the third quarter of 2020, compared to BD 2.35 million for the same quarter last year, with a decrease of 60.22%. Diluted earnings per share for the third quarter OF 2020 amounted to 2.03 Fils, compared to 5.10 Fils in the same quarter of last year. 

The Company reported a net profit and comprehensive income of BD 3.64 million attributable to the parent,

SEEF PROPERTIES REPORTS NET PROFIT OF BD 2.71 MILLION ATTRIBUTABLE TO THE PARENT FOR THE PERIOD ENDED 30 JUNE 2020

Seef Properties reported net profits and total comprehensive income attributable to the parent of BD 2.71 million for the six-month period ended 30 June 2020, compared to BD 4.72 million for the same period in the previous year, with a decrease of 42.63%. This decrease when compared to last year is mainly attributable to the repercussions of the COVID-19 pandemic, which include reduction of income due to the introduction of the Tenant Support Fund of BD 1 million, closure of family entertainment centres and decrease in hotel apartment occupancy rates.

Diluted earnings per share for the period ended 30 June 2020 amounted to 5.89 fils,

SEEF PROPERTIES REPORTS NET PROFIT OF BD 11.19 MILLION FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019

Seef Properties B.S.C (Bahrain Bourse Trading Code: SEEF), announced its financial results for the fourth quarter ended 31 December 2019, reporting a net profit attributable to the parent of BD 3.86 million, compared to BD 3.77 million for the fourth quarter of the previous year, with an increase of 2.34%. The increase in the net profit attributable to the parent is due to cost reduction and savings, coupled with management of expenses as well as lower provisions when compared to the same period in 2018.

Diluted earnings per share for the fourth quarter of the year 2019 amounted to 8.39 fils compared to 8.20 fils for the same period the previous year.

SEEF PROPERTIES REPORTS NET PROFIT OF BD 7.07 MILLION

Seef Properties announced its financial results for the nine months period ended 30 September 2019, including the financial results of the third quarter of 2019.

The Company achieved net profit attributable to the parent of BD 2.35 million for the third quarter, compared to BD 2.57 million for the same quarter last year, with a decrease of 8.80%.  Furthermore, the Company also achieved operating profits of BD 3.69 million for the third quarter, compared to BD 3.72 million for the same quarter last year, with a decrease of 0.70%. Revenues for the third quarter decreased by 6.09% to BD 4.64 million compared to BD 4.94 million for the same quarter last year.

Seef Properties reports net profit attributable to parent of bd 4.72 million

Seef Properties announced its interim financial results for the period ended 30 June 2019, including the financial results of the second quarter of 2019.

The Company achieved net profit attributable to the parent of BD 2.53 million for the second quarter, compared to BD 2.41 million for the same period last year, with an increase of 4.73%.  Furthermore, the Company also achieved operating profits for the second quarter of BD 3.90 million, compared to BD 3.56 million for the same period last year, with an increase of 9.50%. Revenues for the second quarter decreased by 0.96% to BD 4.56 million compared to BD 4.60 million for the same period last year.

Seef Properties Posts Net Profits of BD2.23 Million in the First Quarter of 2019

Seef Properties released its financial results for the first quarter of 2019, citing a 1.66% increase in shareholder returns.

The Company’s Net Profits attributable to shareholders amounted to BD 2.19 million compared to BD 2.16 million for the same period last year, an increase of 1.66%. The Company achieved Operating Profits of BD 3.89 million compared to BD 3.75 million generated in Q1 2018, marking a rise of 3.83%.

Revenues for the current period slightly decreased by 0.49% (an equivalent of BD0.02 million) to BD4.61 million compared to BD4.63 million for the same period last year.

Seef Properties Reports Net Profit of BD11.12 Million Distributing a Dividend of 15%

Seef Properties, announced its financial results for the year ended 31 December 2018, reporting a Net Profit of BD11.12 Million during a meeting held on 13 February 2019, which was headed by the Company’s Chairman Mr. Essa Mohamed Najibi. The Board of Directors also agreed to recommend to the General Assembly cash dividends of 15%, an equivalent of BD6.9 Million in the amount of BD0.015 per share.

During the meeting, the Chairman of Seef Properties, Mr. Essa Mohamed Najibi reiterated Seef Properties’ commitment to further solidify its position in the market through its mixed-use development projects despite volatile market conditions,

Seef Properties Announces Financial Results for the Third Quarter of 2018

Seef Properties, the leading integrated real estate development company in the Kingdom of Bahrain, announced a Net Profit attributable to the shareholders of the parent of BD 2.57 million in the third quarter of 2018; a declined rate of 2.5%, compared to BD 2.64 million reported for the same period last year.

During the last nine-months, the Net Profit attributable to the shareholders of the parent amounted to BD 7.14 million compared to BD 7.63 million for the same period last year, a slight decrease of 6.3%. The Operating Profit amounted to BD 11.02 million compared to BD 11.46 million in the same period last year,

Seef Properties Successfully Executes its Strategic Projects and Posts Net Profit of BD2.25 Million and Operating Profit of BD3.75 Million

Seef Properties Successfully Executes its Strategic Projects and Posts Net Profit of BD2.25 Million and Operating Profit of BD3.75 Million

The Chairman of Seef Properties, Mr. Essa Najibi, has announced a number of strategic initiatives undertaken by Seef Properties, including the launch of LAMA Real Estate in 2017 to develop “Liwan”, a mixed-use project located in Hamala, which began its construction in March and is expected to be completed in the first quarter of 2020. Seef Properties also established Bahrain Building Company, which is responsible for developing an upcoming unique mixed-use project between the two bridges in Manama.

An Increase of 11.2%. Seef Properties Posts Net Profit of BD7.93 Million During the First Nine Months of 2017

Seef Properties announced the financial results for the first nine months of 2017 recording BD7.93 Million in net profits, a 11.2% increase from BD7.13 posted during the same period last year. Net profits for the third quarter of 2017 reached BD2.73 Million compared to BD2.64 Million recorded during the same period last year.

Seef Properties also reported an operating income of BD4.63 Million during the third quarter of 2017 compared to BD3.89 Million posted during the same period in 2016, marking an increase of 19.1%. Meanwhile the operating profit witnessed a growth of 9.4% from BD3.79 Million posted during the third quarter of 2017 when compared to BD3.46 Million recorded during the same period last year.