The National Industrialization Company announced earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company announced net profit of SAR 123.4 million compared to net loss of SAR 686.6 million for the same period a year ago. Operational profit was SAR 611.8 million compared to operational loss of SAR 741.6 million for the same period a year ago. The reported profit is attributable to the improvement in operational performance, increase in sales volumes and decrease in general, administrative and marketing expenses, although the other income decreased. For the full year, the company announced net profit of SAR 254.6 million compared to net loss of SAR 1,423.1 million for the same period a year ago. Operational profit was SAR 1,631.9 million compared to operational loss of SAR 372.9 million for the same period a year ago. Earnings per share were SAR 0.38 compared to loss per share of SAR 2.13 for the same period a year ago.