United Electronics Company announced earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company's net profit was SAR 27.5 million, compared to SAR 9.1 million for the same quarter ended December 31, 2015. Operational profit was SAR 44.1 million, compared to SAR 12.6 million for the same quarter ended December 31, 2015. The company announced that the increase in sales compared to same quarter of last year, leading to increased gross profit, in addition to margin improvements that resulted from improved margins on some products.

For the year, the company's net profit was SAR 2.1 million, or SAR 0.06 per share, compared to SAR 49.2 million, or SAR 1.37 per share, for the year ended December 31, 2015. Operational profit was SAR 23.6 million, compared to SAR 55.1 million for the year ended December 31, 2015.

The company announced the impairment loss on some of the company's assets amounting to SAR 15.6 million.