United Electronics Company reported earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company's net profit was SAR 7.3 million compared to SAR 12.2 million a year ago. Operational profit was SAR 11.9 million compared to SAR 11.9 million a year ago. The decrease in net profit is due to -Impact of nonrecurring SAR 5.2 million for consultant of process off acquisitions that company decided to end the LOI as published on Tadawul at July 31, 2016. The net profit will be SAR 12.5 million for the current quarter with 2.5% versus the previous quarter after excluding non-recurring SAR 5.2 million for consultant of process off acquisition. The total sales for the third quarter is SAR 744 million, increased with 3.4% compared to the same period last year (SAR 719 million). For the nine months, the company's net loss was SAR 25.4 million compared to profit of SAR 40.1 million a year ago. Operational loss was SAR 20.4 million compared to operational profit of SAR 42.6 million a year ago. Loss per share was SAR 0.7 compared to earnings per share of SAR 1.1 a year ago. Net losses due to the decline in sales of most categories compared to the same period of previous year, which impacted positively by bonus of Custodian of the Two Holy Mosques - The company strategy to increase its market share by aggressive promotions which led to a decrease in gross profit. The total sales for the period is SAR 2,366 million, Decrease with 4.2% compared to the same period last year (SAR 2,470 million). Due to the decrease in most of categories sales which impacted positively by two Months bonus of Custodian of the Two Holy Mosque.