Wed, 07 December 2022
Seef Properties B.S.C. (Bahrain Bourse Trading Code: SEEF) announced its financial results for the third quarter ended September 30, 2022. The company reported a net profit and comprehensive income attributable to the parent of BHD2.18 million during the third quarter of 2022, compared to BHD1.24 million for the same quarter of last year, with an increase of 75.62 percent.
The increase is attributable to the increase in revenue in both the hospitality and the entertainment segments, in addition to the opening of ‘Yabeela’, the new family entertainment centre in Al Liwan operated by the company’s entertainment arm.
The Company’s total equity (after excluding the equity attributable to minority) for the period ended September 30, 2022 increased by 1.58 percent to reach BHD157.33 million, compared to BHD154.88 million for the financial year ended December 31, 2021. The total assets for the period ended September 30, 2022 increased by 1.27 percent to reach BHD182.16 million, compared to BHD179.87 million for the financial year ended December 31, 2021.
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