Mobile Telecommunication Company Saudi Arabia announced financial results for the fourth quarter ending December 31, 2016. For the quarter, the company reported revenues of SAR 1,801 million, up 8% SAR 1,672 million a year earlier. EBITDA was SAR 490 million, up from SAR 405 million during the same quarter of 2015. Net losses were narrowed by 54% to SAR 135 million, down from SAR 291 million a year ago. Operating profit was SAR 87 million, up from a loss of SAR 82 million in the same quarter in 2015, fourth quarter of 2016 includes the incorporation of the relevant amortization savings associated with the 15-year license extension. For the year, the company's revenues increased by 3% to SAR 6,927 million, up from SAR 6,741 million for the same period in 2015.  EBITDA was SAR 1,795 million, up 10% on SAR 1,629 million recorded in the same period of 2015. Net losses increased by 1% in 2016, reaching SAR 980 million, up from SAR 972 million a year earlier.