Seef Properties reported earnings results for the fourth quarter and full year 2013. In the fourth quarter alone, net profit increased to USD 13.1 million, up from USD 6 million in the corresponding period a year earlier.

The company announced that its net profit in 2013 increased 21%. Net profit in the year was USD 26.57 million, increasing from USD 21.8 million in the year before it. Operating profit in 2013 hit USD 29.4 million, down from USD 30.5 million in the year before it.