Seef Properties Co. has announced collecting last year net profit of 10.82 million dinars to rise by 7.9% compared with 2013 which witnessed net profits of 10.02 million dinars.
The company’s net profits during the last quarter of 2014 reached 5.62 million dinars to rise by 12.9% compared with the same period of 2013 which witnessed a net profit of 4.97 million dinars.
Seef Properties assets grew also last year to reach 136.72 million dinars in value and rise by 5.0% compared with 2013 assets which reached 130.19 million dinars.
Eissa Al Naguiby, the company CEO, said that the compant achieved more profits from its new investments such as Seef Al Muharreq Center launched lately, the new restaurants and Seef Al Manama Center.
Al Naguiby added also theat this year’s revenues goes back to entertainment sector revenues growth especially in the second half of last year after opening Magic Island.