Al Tayyar Travel Group Holding Company reported earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported net profit of SAR 145 million compared to SAR 215 million a year ago. Operating profit was SAR 146 million compared to SAR 227 million a year ago. The company revenues decreased during the current quarter as compared with the same quarter of last year by 7% mainly due to decrease in sales of the traditional travel sector and domestic tourism as well as decrease in average ticket price due to massive discounts given by the airlines. It should be noted here that the Groups online bookings through its online platform have increased by 520% compared with last year for the same quarter (from SAR 23 million to SAR 145 million) this sector enjoyed rapid growth from the Groups strategy to focus on online sector. The net profit for the current quarter has decreased by 33% as compared to last year due to decrease in sales by 7% and drop in gross profit margin due to decrease in margins for some services in order to protect and increase the market share and due to change in product mix with variable margins. For the year, the company reported net profit of SAR 826 million or SAR 3.99 per share compared to SAR 1,162 million or SAR 5.81 per share a year ago. Operating profit was SAR 1,489 million compared to SAR 1,800 million a year ago.