Saudi Kayan Petrochemical Company reported earnings results for the fourth quarter and year ended December 31, 2016. The company has posted net profit of SAR 103.7 million, reversing a loss of SAR 624.1 million recorded in the previous corresponding period, due to higher production and sales. Sales for October to December 2016 increased 30% year on year to SAR 2.45 billion. It also swung to a December-quarter operating profit of SAR 348.6 million from a loss of SAR 475.5 million in the same period in 2015. For the whole of 2016, the company has posted a net profit of SAR 134.7 million from a loss of SAR 1.24 billion in the previous year, with operating profit at SAR 984.6 million, reversing the SAR 593.5 million loss recorded in the previous year. Full-year sales were up 8% at SAR 8.61 billion. EPS were SAR 0.09 per share against LPS of SAR 0.83 per share a year ago.