United Electronics Company reported earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported net profit of SAR 13 million against net loss of SAR 45.9 million a year ago. Operational profit was SAR 14 million against operational loss of SAR 44.7 million a year ago. Earnings per share were SAR 0.36 against loss per share of SAR 1.28 a year ago. The achievement of net profit due to increase in sales compared to the same quarter last year, which led to higher gross profit in addition to increasing the margin on some products and services and decrease in selling, general and administrative expenses. The total sales for the first quarter was SAR 805 million, increased with 8.3% compared to SAR 743 million for the same period last year.