SEEF PROPERTIES REPORTS BD 4.52 MILLION NET PROFIT ATTRIBUTABLE TO PARENT FOR FINANCIAL YEAR ENDED 31 DECEMBER 2020
Seef Properties reported a net profit and comprehensive income of BD 0.88 million attributable to the parent during the fourth quarter of 2020, compared to BD 3.86 million for the same period of the previous year, with a decrease of 77.13% mainly attributable to revaluation of investment properties during these current conditions.
Diluted earnings per share attributable to the parent for the fourth quarter of 2020 amounted to 1.92 fils, compared to 8.39 fils for the same period the previous year. The Company’s operating profits stood at BD 3.20 million for the fourth quarter of 2020, compared to BD 3.65 million for the same period in the previous year,