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Takween turns to losses in Q1-22

Takween turns to losses in Q1-22
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Riyadh – Mubasher: Takween Advanced Industries Company has incurred net losses after Zakat and tax of SAR 8.97 million in the first quarter (Q1) of 2022, against net profits of SAR 2.15 million in Q1-21.

The company's revenues rose by 33.99% to SAR 249.65 million in the first three months (3M) of 2022 from SAR 186.31 million in the year-ago period, according to a bourse filing on Thursday.

The losses per share stood at SAR 0.09 in Q1-22, versus the earnings per share (EPS) of SAR 0.02 in Q1-21.

It is noteworthy to mention that in 2021, the company achieved net profits after Zakat and tax of SAR 19.03 million, against net losses of SAR 6.01 million in 2020.