Wafrah for Industry and Development Company reported earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported net loss of SAR 5,826,829 compared to a net profit of SAR 3,088,299 for the same quarter ended December 31, 2015. Operational loss was SAR 5,722,780 compared to an operational profit of SAR 2,998,703 for the same quarter ended December 31, 2015. For the year, the company reported net loss of SAR 14,270,597 or SAR 0.71 per share compared to SAR 5,636,870 or SAR 0.28 per share for the year ended December 31, 2015. Operational loss was SAR 13,360,271 compared to SAR 4,541,382 for the year ended December 31, 2015.