Riyadh-Mubasher: Fitaihi Holding posted net losses of SAR 39 million for Q4-15, against earnings of SAR 8.7 million in the same period a year ago.
The company ascribed the losses to an 8% decline year-on-year in sales to SAR 65.9 million.
Full-year net profits dropped 92% to SAR 5.5 million, compared with SAR 70 million in 2014.
The profit decline was due to a decline in sales to SAR 263.6 million in 2015.
