Saudi Advanced Industries Co. (SAIC) released on Monday financial results for the 12-month period ending on Dec. 31, 2014.
Q4 net profit reached SAR 2.32 million, falling 49.34% from SAR 4.58 million in Q4 2013 and 83.2% from SAR 13.81 million in Q3 2014.
FY2014 net earnings also decreased 39.23% y/y from SAR 25.06 million to SAR 15.23 million.
The earnings per share went down from SAR 0.58 to SAR 0.35.
Photo Credit: Arabianeye-Reuters