Takween Advanced Industries Co. widened net loss after Zakat and tax by more than two-fold year-on-year (YoY) to SAR 96.7 million for the fiscal year 2019.
These losses were attributed to lower sales, higher general and administrative expenses (G&As) and higher financial charges.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 1,343.76 | 923.78 | (31.3 %) |
| Gross Income | 128.38 | 55.51 | (56.8 %) |
| Operating Income | 4.81 | (41.19) | (956.0 %) |
| Net Income | (39.73) | (96.72) | (143.4 %) |
| Average Shares | 57.86 | 57.86 | - |
| EPS (Riyals) | (0.69) | (1.67) | (143.4 %) |
Q4 2019 net losses stood at SAR 42.4 million.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 290.72 | 252.16 | (13.3 %) |
| Gross Income | 7.86 | (8.54) | (208.6 %) |
| Operating Income | (20.78) | (34.37) | (65.4 %) |
| Net Income | (42.23) | (42.37) | (0.3 %) |
| Average Shares | 57.86 | 57.86 | - |
| EPS (Riyals) | (0.73) | (0.73) | (0.3 %) |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 314.67 | 252.16 | (19.9 %) |
| Gross Income | 16.75 | (8.54) | (151.0 %) |
| Operating Income | (15.20) | (34.37) | (126.1 %) |
| Net Income | (28.77) | (42.37) | (47.3 %) |
| Average Shares | 57.86 | 57.86 | - |
| EPS (Riyals) | (0.50) | (0.73) | (47.3 %) |
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