Takween Advanced Industries Co. widened net loss after Zakat and tax by 49.8% year-on-year (YoY) to SAR 18.8 million for Q1 2020, driven by lower sales revenue, and higher selling as well as distribution expenses.
When compared to the previous quarter, Q1 net losses shrank by 55.6%, due to higher sales revenue and lower cost of revenue.
| Item | Q1 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 303.47 | 200.64 | (33.9 %) |
| Gross Income | 32.98 | 18.88 | (42.7 %) |
| Operating Income | (0.43) | (5.58) | (1,191.4 %) |
| Net Income | (12.55) | (18.79) | (49.8 %) |
| Average Shares | 57.86 | 57.86 | - |
| EPS (Riyals) | (0.22) | (0.32) | (49.8 %) |
| Item | Q4 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 252.16 | 200.64 | (20.4 %) |
| Gross Income | (8.54) | 18.88 | 321.3 % |
| Operating Income | (34.37) | (5.58) | 83.8 % |
| Net Income | (42.37) | (18.79) | 55.6 % |
| Average Shares | 57.86 | 57.86 | - |
| EPS (Riyals) | (0.73) | (0.32) | 55.6 % |
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