Financial Results : Tasnee narrows Q1 losses by 72% to SAR 95 mln

Tasnee narrows Q1 losses by 72% to SAR 95 mln

18/04/2016 Argaam Exclusive

View other reports

 

National Industrialization Co. (Tasnee) has narrowed losses in Q1-2016 by 72 percent to SAR 94.8 million, compared to a net loss of SAR 332.5 million in the same quarter last year. The improvement was mainly attributed to higher production and sales volumes.

 

When compared to the previous quarter, Q1 losses narrowed by 86 percent. A decline in general and administrative expenses, in addition to restructuring led to the improvement during the period.






Business Segments (Million)

Compared With The
Period Petrochemical sector Transformative Industries and others Chemicals Industrial development Headquarters & Others Consolidation adjustments & eliminations
Q1 2007 711.49 - - 335.63 39.12 (198.23)
Q2 2007 788.60 - - 352.71 43.22 (212.83)
Q3 2007 590.72 - - 440.28 54.46 (232.46)
Q4 2007 830.81 - - 3,871.19 63.20 (251.21)
Q1 2008 773.08 - - 1,824.55 59.66 (243.85)
Q2 2008 1,062.26 - - 1,999.53 60.41 (367.88)
Q3 2008 963.77 - - 2,029.86 70.97 (277.53)
Q4 2008 504.62 - - 1,725.08 64.58 (211.95)
Q1 2009 253.72 - - 1,368.12 58.88 (173.28)
Q2 2009 735.53 - - 1,778.76 69.14 (294.46)
Q3 2009 1,835.56 - - 1,939.81 54.11 (422.90)
Q4 2009 2,030.32 - - 1,896.18 64.13 (330.70)
Q1 2010 2,634.97 - - 1,869.37 55.75 (607.17)
Q2 2010 2,769.42 - - 1,907.61 70.78 (593.76)
Q3 2010 2,253.50 - - 2,161.37 78.28 (529.05)
Q4 2010 2,203.89 - - 2,197.11 94.56 (573.36)
Q1 2011 2,664.49 - - 2,408.62 84.28 (625.84)
Q2 2011 3,058.56 - - 2,562.09 83.66 (640.40)
Q3 2011 3,114.91 - - 2,949.41 92.74 (839.54)
Q4 2011 2,987.41 - - 2,447.79 92.19 (791.63)
Q1 2012 3,102.90 - - 2,243.51 85.01 (744.21)
Q2 2012 2,754.58 - - 2,397.04 90.96 (617.49)
Q3 2012 2,514.89 - - 2,216.43 90.44 (655.22)
Q4 2012 2,958.86 - - 2,076.20 92.00 (683.73)
Q1 2013 3,172.73 - - 2,333.52 84.70 (807.08)
Q2 2013 2,656.83 - - 2,486.25 86.65 (712.50)
Q3 2013 2,708.39 - - 2,303.50 102.32 (738.65)
Q4 2013 3,322.96 - - 2,031.06 108.34 (940.04)
Q1 2014 3,334.57 - - 2,192.15 93.31 (1205.54)
Q2 2014 3,712.69 - - 2,375.16 102.48 (1103.40)
Q3 2014 4,355.90 - - 2,353.37 111.76 (1208.08)
Q4 2014 2,484.05 - - 2,032.52 106.13 (1044.48)
Q1 2015 2,687.37 - - 1,932.09 100.40 (777.70)
Q2 2015 2,821.34 - - 2,071.59 100.47 (836.97)
Q3 2015 2,637.60 - - 1,756.99 95.25 (875.49)
Q4 2015 2,759.04 - - 1,583.43 104.47 (1014.35)
Q1 2016 2,855.34 - - 1,760.29 90.89 (988.74)

Analysts Estimates (Million)

Item Q1 2016 (e) Q1 2016 (a) Change‬
Average (327.40) (103.50) 68.39 %

Estimates vs Actual (Million)

Item Q1 2016 (e) Q1 2016 (a) Change
SNB Capital (200.00) (103.50) 48.3 %
Al Rajhi Capital (310.00) (103.50) 66.6 %
AlJazira Capital (359.50) (103.50) 71.2 %
Value Capital (440.10) (103.50) 76.5 %


Share Price

National Industrialization Co.
10.96
0.14 1.29 %

National Industrialization Co. (TASNEE)

More

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.