Zamil Industrial Investment Company reported earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported net profits of SAR 58,736,000 against SAR 57,454,000 a year ago. Operational profit was SAR 88,524,000 against SAR 126,563,000 a year ago. Increase in net profit was due to increase in other income and non-controlling interests and due to reduction in impairment loss of non-current assets. Decrease in income from main operations was due to lower sales of core products in AC and Steel sector attributable to project delays in Saudi as a result of general slowdown in the contracting business eco-system. Revenues were SAR 1,199.2 million against SAR 1,452.5 million for the same quarter of last year, a decrease of 17.4%. For the year, the company reported net profit of SAR 201,022,000 or SAR 3.35 per share against SAR 263,007,000 or SAR 4.38 per share a year ago. Operational profit was SAR 336,404,000 against SAR 407,519,000 a year ago. Revenues were SAR 4,950.9 million against SAR 5,488.6 million for the same period of last year, a decrease of 9.8%.