Al Abdullatif Industrial Investment Co. [2340.SE] reported 4Q2015 net income of SAR12.28 million, falling c60% Y-o-Y (-c56% Q-o-Q), which the company attributed to low sales and increased COGS (on higher raw material costs), as well as SG&A costs. Gross profit also contracted (-42% Y-o-Y) to SAR30.96 million, while operating profit fell 53% Y-o-Y to SAR18.3 million. The disclosure noted that the company had booked estimated losses on the income statement due to a fire incident in November 2014 (that would not be covered by insurance claim) last year. However, the final impact from the fire is yet to be determined. (Tadawul)