Flip through the latest issue of Gulf Weekly.
The net income for Seef Properties in the third quarter reached BD1,327,586 compared to BD1,886,713 in same quarter of 2009. For the year to date, net income stood at BD4,613,994 compared to BD5,695,898 during the same period last year.
Seef Properties chairman Shaikh Abdulla bin Khalifa Al Khalifa said: "The decline in income was expected and is in keeping with market conditions in Bahrain, however, we continue to stay in profit despite the global downturn and its effect on the real estate market."
