Al Hassan Ghazi Ibrahim Shaker Company [1214.SE] reported KPIs for 3Q2016, with net income of SAR2.4mn, down 95% Y-o-Y (-95% Q-o-Q) on lower revenue and higher cost of sales. Earnings were also affected negatively by a SAR18.1mn decline in the company’s share of results from associates and higher financial charges (+SAR6.8mn). Revenue for the quarter came in at SAR401.4mn, down 9% Y-o-Y, in light of the current economic slowdown. Meanwhile, gross profit margin narrowed c2.8pp to 23.5%; accordingly, gross profit declined 18% Y-o-Y to SAR94.4mn. Operating profit dropped 65% Y-o-Y to SAR9.5mn, while EBIT margin narrowed c3.9pp Y-o-Y to 2.4%. (Tadawul)