Riyadh – Mubasher: Banque Saudi Fransi posted on Thursday a net profit of SAR 374 million ($99.73 million) for the fourth quarter of fiscal 2016, 60.6% down from SAR 950 million for Q4-15.
Profits for Q4-16 declined 63% quarter-on-quarter, according to a bourse filing.
Net profit for the fiscal year 2016 fell 13% to SAR 3.51 billion from SAR 4.04 billion for fiscal 2015.