Seef Properties reported consolidated earnings results for the six months ended June 2013. For the period, the company reported a 3.33% increase in net profit. The company made USD 8.78 million during the first half, up from USD 8.44 million achieved a year ago.

Gross rental revenue grew by 1.39% to USD 11.34 million in the January-June period, up from USD 11.2 million a year earlier. Other financial aspects in the statement included a 7.97% increase in half-yearly operating profits to USD 15 million compared to USD 13.93 million. Revenue from Magic Island grew by 11% to USD 1.7 million from USD 1.53 million in the same period last year.

Earnings from Fraser Suites grew by 27.93% to USD 2.77 million from USD 2.16 million.