Al Abdullatif Industrial Investment Company's [2340.SE] 4Q16 earnings dropped 70% Y-o-Y to SAR3.7mn, which the company attributed to a decline in sales and an increase in Zakat provisions and G&A expenses. Meanwhile, gross profit for the quarter fell 27% Y-o-Y to SAR22.7mn, while operating profit declined 46% Y-o-Y to SAR9.8mn. (Tadawul)
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