Manama, Feb. 21 -- Seef Properties reported a net profit, and comprehensive income attributable to the parent, of BD4.52 million for the year ended 31 December 2020, compared to BD10.93 million for the same period in 2019, a decrease of 58.59%.
The, the company said, was mainly attributable to the repercussions of the COVID-19 pandemic, which include reduction of income due to the introduction of the Tenant Support Fund of BD 1.5 million, closure of family entertainment centres and decrease in hotel apartment occupancy rates.
Diluted earnings per share attributable to the parent amounted to 9.84 fils for the year ended 31 December 2020, compared to 23.75 fils for the same period of the previous year. Operating profits for the year ended 3...