Takween Advanced Industries Co. announces its Interim Financial Results for the Period Ending on 2023-09-30 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 194,710 | 273,989 | -28.93 | 217,612 | -10.52 |
| Gross Profit (Loss) | 5,034 | 11,988 | -58.01 | 8,385 | -39.96 |
| Operational Profit (Loss) | -14,573 | -10,564 | 37.95 | -14,480 | 0.64 |
| Net Profit (Loss) after Zakat and Tax | -30,309 | -21,890 | 38.46 | -30,065 | 0.81 |
| Total Comprehensive Income | -30,299 | -23,454 | 29.18 | -30,104 | 0.65 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 644,938 | 809,894 | -20.37 |
| Gross Profit (Loss) | 28,573 | 49,210 | -41.94 |
| Operational Profit (Loss) | -37,061 | -18,730 | 97.87 |
| Net Profit (Loss) after Zakat and Tax | -86,131 | -45,851 | 87.85 |
| Total Comprehensive Income | -93,523 | -56,408 | 65.8 |
| Total Share Holders Equity (after Deducting Minority Equity) | 341,103 | 550,559 | -38.04 |
| Profit (Loss) per Share | -0.65 | -0.99 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Accumulated Losses | Capital | Percentage % | |
|---|---|---|---|
| -60,374 | 464,646 | 12 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The reason for the increase in net loss in the current quarter compared to the net loss for the same quarter of previous year is due to the decrease in sales revenue, the increase in the cost of revenue as a percentage of sale, the increase in general and administrative expenses, in addition to the increase in financial charges, despite the decrease in selling and distribution expenses, the decrease in loss from Investment in Associate, and the increase in other income |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is | The reason for the increase in net loss in the current quarter compared to the net loss for the previous quarter of this year is due to the decrease in sales revenue, the increase of cost of revenue as a percentage of sales, and the increase in loss from investment in associate, despite the decrease in general and administrative expenses, the decrease in selling and distribution expenses, the decrease in financial charges, in addition to the increase in other income |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The reason for the increase in net loss in the current period compared to the net loss for the same period of previous year is due to the decrease in sales revenue, the increase of cost of revenue percentage, the increase in general and administrative expenses, and the increase in financial charges, despite the decrease in selling and distribution expenses, the decrease in loss from investment in associate, and the increase in other income |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Certain figures have been reclassified to comply with the current period presentation of the financial statements |
| Additional Information | 1) The profit per share for the period ended on 30-09-2023 was calculated by dividing the net loss of (SAR 86,131 million) on the average weighted number of shares 46 million, accordingly, the loss per share is SAR (-1,85). The net profit (loss) per share for the same period of previous year was calculated by dividing the net loss of (SAR 45,851 million) on the average weighted number of shares 46 million, accordingly, the loss per share is SAR (-0,99).
2) The accumulated losses as of 30-09-2023 have reached (SAR 60,374 million) , equal to 12% of the company’s capital of SAR 950 million. The accumulated losses as of 31-12-2022 were (SAR (459,59 million), equal to 48,38% of the company’s capital. |
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