Red Sea Housing Services Company reported earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported net profit of SAR 11.7 million against SAR 27.1 million a year ago. Operational profit was SAR 15.2 million against SAR 33.6 million a year ago. For the year, the company reported net profit of SAR 88 million against SAR 76.1 million a year ago. Operational profit was SAR 116.1 million against SAR 96.4 million a year ago. Earnings per share was SAR 1.5 against SAR 1.3 a year ago.