Saudi Basic Industries Corporation reported consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported net profit of SAR 4.55 billion against SAR 3.08 million a year ago. Operational profit was SAR 7.29 million against SAR 4.36 million a year ago. Gross sales/revenues for the current quarter is SAR 34.03 billion compared to SAR 34.16 billion for the similar quarter last year with a decrease of 0.4%. For the year, the company reported net profit of SAR 17.91 million against SAR 18.77 million a year ago. Operational profit was SAR 26.88 million against SAR 28.52 million a year ago. Earnings per share were SAR 5.97 against SAR 6.26 per share a year ago. Gross sales/revenues for the period is SAR 132.98 billion compared to SAR 148.09 billion for the similar period last year with a decrease of 10%.