Riyadh-Mubasher: Alujain Corp. reported net earnings of SAR 27.5 million for Q4-15, dropping 58% year-on-year from SAR 65 million.
Full-year net profits also fell 36% to SAR 106.39 million, compared with SAR 167.38 million a year earlier.
Q4 profit decline was mainly due to fall in profit margins and lower polypropylene prices, the company said.
It added that FY15 profit decrease was attributable to lower selling prices and weak sales quantities.
