Qassim Cement Company reported earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported net profit of SAR 88,771,428 compared to SAR 140,525,360 a year ago. Operational profit was SAR 86,562,597 compared to SAR 152,349,428 a year ago. Total sales/revenue amounted to SAR 185,329,504 compared to SAR 266,797,196 for the corresponding quarter of the previous year, with decrease of 30.5%. Decline in sales value and volume driven by lower demand of cement, in addition to increase in cost of goods sold due to increase in power and fuel prices and decrease in other income. For the full year, the company reported net profit of SAR 409,842,587 compared to SAR 586,435,360 a year ago. Operational profit was SAR 417,950,340 compared to SAR 601,389,438 a year ago. Earnings per share of SAR 4.55 compared to SAR 6.52 per share a year ago. Total Sales amounted to SAR 852,044,289 against amount of SAR 1,023,897,119 for same period year 2015 with decrease 16.8%.