A net profit of SAR707M, let's read between the lines!
Q4 2015:Revenues reached SAR1.081bn vs. SAR946.934M, yoy. Q4 2015 Net profit curtailed to only SAR37.910M due to a provision for impairment amounting to SAR-370M. This provision is related, according to the Group, to the review of the carrying value of certain investment.
At the end of 2015:
Revenues increased by 2.77% to SAR3.492bn vs. SAR3.398bn, a year ago. Thanks to a decrease in the operating costs, the EBITDA margin grew to 48.9% vs.
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