Arriyadh Development (Arriyadh) has reported its financial results for 4Q16. Revenue came in at SAR64.9mn (-45% Y-o-Y); operating income at SAR47.0mn (-49.6% Y-o-Y, +32.4% Q-o-Q), while gross profit was at SAR53.6mn (-44.5% Y-o-Y, +16.3% Q-o-Q). Net income came in at SAR37.7mn (-55.4% Y-o-Y, +1.6% Q-o-Q). Revenue totaled SAR1.24bn (+191% Y-o-Y); operating income SAR278.0mn (-12.4% Y-o-Y), gross profit of SAR297.7mn (-10.8% Y-o-Y), while net income totaled SAR261.8 (-11.1% Y-o-Y). (Tadawul)
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