Al-Seef Real Estate Company, listed on the Bahrain Stock Exchange, announced its financial results for the past year, as the net profit attributable to the shareholders of the company increased by 0.11% on an annual basis.

>

According to a company statement seen by (Namazon site) today, Monday, the net profit for the last year was BD 10.93 million, compared to BD 10.91 million in 2018 profits. < / p>

The value of the basic and diluted portion of the share in the profits attributable to the shareholders of the parent company at the end of 2019 was about 23.75 fils, compared to 23.73 fils in the same period last year. .

Operating profits for the year 2019 increased by 1.86% to reach BD 15.13 million, compared to the amount of BD 14.85 million recorded by the company for the same period in the previous year. < / p>

The company achieved net profits to the shareholders of the parent company of BD 3.86 million during the last quarter of 2019, compared to BD 3.77 million during the same period in 2018, An increase of 2.34%.

During the last quarter of 2019, the company achieved operating profit of BD 3.65 million, compared to BD 3.82 million for the same period last year, a decrease of 4.69% .

Total assets for the period ended December 31, 2019 increased by 3.54% to BD 174.32 million, compared to BD 168.37 million last year.

The company's board of directors recommended distributing 15% cash dividends, equivalent to 6.9 million dinars, and the allocation of 0.170 million dinars for donations and community service, in addition to transferring 1.1 million Dinars for the general reserve account.