Press Release: Seef Properties reports profits for H1 2011
Seef Properties (Seef) announced its net profits for the first half of 2011 (ending 30th June), reporting BD2.25m in net profit compared to BD3.28m for the same period of last year. Year-on-year gross rental income grew slightly by 2% to reach BD4.07m not taking into account the rent waiver which the company offered to tenants as part of a BD1m aid package in light of the unrest earlier this year.
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