Red Sea International Co. Reports Earnings Results for the Year Ended December 31, 2016
March 15, 2017 at 04:43 am EDT
Red Sea International Co. reported earnings results for the year ended December 31, 2016. For the year, the company reported net profit of SAR 88 million or SAR 1.5 per share, compared to SAR 76.1 million or SAR 1.3 per share for the same quarter ended December 31, 2015. Operational profit was SAR 116.1 million, compared to SAR 96.4 million for the same quarter ended December 31, 2015. The sales revenue for the current period ended is SAR 1,030.4 million as compared to SAR 1,027.9 million during same period of last year, which represents an increase of 0.2%.