National Industrialization Company Reports Earnings Results for the Fourth Quarter Ended and Year December 31, 2015
January 22, 2016 at 02:45 pm IST
National Industrialization Company reported earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported net loss was SAR 690.2 million, compared to a net profit of SAR 160.7 million for the same quarter ended December 31, 2014. Operational loss was SAR 7 16.5 million, compared to an operational profit of SAR 390 million for the same quarter ended December 31, 2014.
For the year, the company reported net loss was SAR 1.43 billion, or SAR 2.13 loss per share, compared to a net profit of SAR 1.07 billion, or SAR 1.6 per share, for the year ended December 31, 2014. Operational loss was SAR 426.4 million, compared to an operational profit of SAR 2.79 billion for the year ended December 31, 2014.