Saudi Steel Pipe Company announced earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported net loss of SAR 65.56 million compared to SAR 1.3 million a year ago. Operational loss was SAR 12.12 million compared to SAR 1.11 million a year ago. For the year, the company reported net loss was SAR 45.83 million or SAR 0.91 per share, compared to net profit of SAR 33.38 million or SAR 0.66 per share a year ago. Operational loss was SAR 4.27 million compared to operational profit of SAR 41.08 million a year ago.