Red Sea Housing Services Company reported earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported net profit of SAR 27.1 million, compared to SAR 29.3 million for the same quarter ended December 31, 2014. Operational profit was SAR 33.6 million, compared to SAR 40 million for the same quarter ended December 31, 2014.

For the full year, the company reported net profit of SAR 76.1 million, or SAR 1.3 per share, compared to SAR 156.7 million, or SAR 2.6 per share, for the year ended December 31, 2014. Operational profit was SAR 96.4 million, compared to SAR 173.4 million for the year ended December 31, 2014.