Al Khaleej Training and Education Company reported earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported net profit of SAR 19,394,562 against SAR 21,556,077 a year ago. Operational profit was SAR 22,368,747 against SAR 24,684,342 a year ago. The overall decrease in sales is related to decrease in the educational sector. The decrease in the net profit due to the decrease in the other income as compared with the third quarter of the year, there is a significant improvement in operational activities. The sales during the current quarter are SAR 151.8 million as compared with SAR 175 million for the same period of the last year with a decrease of 15.2%. For the year, the company reported net profit of SAR 44,123,999 against SAR 68,888,847 a year ago. Operational profit was SAR 51,417,298 against SAR 81,800,389 a year ago. Earnings per share were SAR 1.1 against SAR 1.72 a year ago. Sales for the period were SAR 463.2 million as compared with SAR 546.1 million for the same period of last year with a decrease of 17.89%.