Financial Results : Takween widens Q1 loss by 49.8% to SAR 18.8 mln in Q1 2020

Takween widens Q1 loss by 49.8% to SAR 18.8 mln in Q1 2020

07/05/2020 Argaam Exclusive

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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.



Current Quarter Comparison (M)

Compared With The
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 %)

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