Jazan Development Company reported earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported net profit of SAR 1,003,591 compared to SAR 13,164,708 a year ago. Operating profit was SAR 1,021,573 compared to SAR 9,929,416 a year ago. For the year, the company reported net profit of SAR 12,339,408 or SAR 0.25 per share compared to SAR 22,197,925 or SAR 0.44 per share a year ago. Operating profit was SAR 11,334,231 compared to SAR 16,320,045 a year ago.