Savola Group Company reported earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported net loss was SAR 964.3 million compared to net profit SAR 173.4 million a year ago. Operational loss was SAR 176.1 million compared to operational profit SAR 378.1 million a year ago. The net revenue for fourth quarter of 2016 reached SAR 6.25 Billion compared to SAR 6.26 Billion for the same quarter of last year a decline of 0.2%. For the full year, the company reported net loss was SAR 451.3 million compared to net profit SAR 1,791.7 million a year ago. Operational profit was SAR 834.9 million compared to operational profit SAR 1,785.4 million a year ago. Loss per share was SAR 0.85 compared to earnings per share of SAR 3.36 a year ago. Net revenue for the twelve month period of 2016 reached SAR 25 Billion compared to SAR 25.1 Billion for the same period of last year representing a decrease of 0.4%.