Seef Properties BSC announced consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported operating profit was BHD 2.78 million as compared to BHD 2.73 million for the same period in 2013. Revenue increased from BHD 3.09 million in 2013 to BHD 3.13 million in 2014. Net profit was BHD 1.77 million in 2014 as compared to BHD 1.74 million in 2013.

For the nine months, the company reported operating profit of BHD 8.53 compared to BHD 8.27 million for the same period last year. Revenue was up at BHD 9.15 million as against BHD 9.10 million for the same period in 2013 primarily driven by increase in revenue from Rental income & Fraser Suites. The net profit was BHD 5.20 million as compared to BHD 5.05 million in 2013.