Riyadh-Mubasher: Bawan Holding posted net income of SAR 17 million for the fourth quarter of 2015, dropping 55% compared with SAR 37 million in the same period last year.
Net income for the 12-month period fell 50% year-on-year from SAR 176 million to SAR 88 million.
The company attributed the profit decline to a fall in revenues, gross profits and other revenues.
