Riyadh-Mubasher: Al-Baha Investment and Development Co. posted financial results for the fourth quarter of 2015, which reflected net earnings of SAR 17,000, against net losses of SAR 844,000 in the year-earlier period.
Al-Baha attributed the fourth-quarter earnings to the fact that the firm continued to supply projects with materials in Q4-15, in addition to a decline in expenses.
The company also reported SAR 69,000 in net profits for 2015, versus losses of SAR 4 million in 2014.
FY15 earnings were mainly fuelled by the new businesses and contracting projects carried out by the company.
