AnnouncementDetails

Actions

Takween Advanced Industries Co. announces its interim Financial results for the period ending on 2018-09-30 ( Nine Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 370,795334,21110.946374,910-1.097
Total Profit (Loss) 46,6684,825867.21247,445-1.637
Profit (Loss) Operational 12,785-39,443-13,391-4.525
Net Profit (Loss) after Zakat and Tax 442-49,092-2,892-84.716
Total Comprehensive Income 660-48,206-2,320-71.551
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 1,053,036968,4778.731
Total Profit (Loss) 120,51984,10943.289
Profit (Loss) Operational 25,592-36,629-
Net Profit (Loss) after Zakat and Tax 2,498-70,664-
Total Comprehensive Income 2,364-69,460-
Total Share Holders Equity (after deducting minority equity) 721,702843,499-14.439
Profit (Loss) per Share 0.03-0.74
All figures are in (Thousands) Saudi Arabia, Riyals
Accumulated LossesCapitalPercentage %
-174,749950,00018.3
Element ListExplanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year The reason for recording a net profit in the current quarter compared to a net loss in same quarter of previous year is due to the increase in sales revenue, and the decrease in general and administrative expenses, selling and distribution expenses, in addition to the decrease in cost of revenue to revenue and the decrease in depreciation; despite the increase in the prices of raw material, and the increase in the financial charges.
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter The reason for the decrease in net profit in the current quarter compared to the net profit of the previous quarter is due to the decrease in sales revenue, and the increase in selling and distribution expenses, and financial charges.
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year The reason for recording a net profit in the current period compared to a net loss in same period of last year is due to the increase in sales revenue, and the decrease in general and administrative expenses, selling and distribution expenses, in addition to the decrease in depreciation, and the decrease in Zakat provision after receiving the final Zakat assessment. Noting that the raw material prices have increased, which caused an increase in production costs.
Type of the external auditor's opinion Unmodified opinion
Reclassifications in quarter financial result Certain figures have been reclassified to comply with the current period presentation of the financial statements.
Additional Information The impact of adopting IFRS 9 as at January 1, 2018 resulted in the decrease of shareholders equity by SAR 20.5 million; while there was no major impact for adopting IFRS 15 as at January 1,2018.

The profit per share for this quarter ended 30 September, 2018 was calculated by dividing the net profit of SAR 442 thousand on the weight average number of shares 95 million, and for the same quarter from the last year by dividing the net loss SAR 49 million on the weight average number of shares 95 million.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Company Profile

Actions

Company Profile

Summary

Last Price Net Change
9.82 -0.2 (-2.0%)
Value Traded (SAR) Volume Traded
3,952,144.48 398,435

RelatedAnnouncementPortlet

Actions

Related Announcements

A 1201 Takween -0.2 (-2.0%)

1440/01/15   25/09/2018 15:12:17

No English translation, kindly refer to the Arabic version

A 1201 Takween -0.2 (-2.0%)

1439/11/19   01/08/2018 15:59:13

No Translation. See Arabic Version

A 1201 Takween -0.2 (-2.0%)

1439/11/19   01/08/2018 15:35:29

No translation. See Arabic Version

View all announcements