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Takween Advanced Industries Co. announces the interim financial results for the period ending on 31-12-2016 (Twelve Months)

Element Current quarter Similar quarter for previous year % Change current Previous quarter % Change previous
Net profit (loss) -58,172 -37,734 -54.16 5,085 -
Gross profit (loss) 45,744 17,163 166.53 47,890 -4.48
Operational profit (loss) -7,079 -21,391 66.91 28,040 -
All figures are in (Thousands) Saudi Arabia, Riyals
Element Current period Similar period for previous year % Change
Net profit (loss) -32,985 -27,122 -21.62
Gross profit (loss) 229,286 179,614 27.65
Operational profit (loss) 73,441 13,693 436.34
Earning or loss per share, Riyals -0.67 -0.71 -
All figures are in (Thousands) Saudi Arabia, Riyals
Element EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year The reason for the increase in net loss in the current quarter compared with the net loss in same quarter of previous year is due to the increase in general and administrative expenses, financial charges and foreign currency translation loss in Egyptian Pound.
Reasons of increase (decrease) for period compared with same period last year The reason for the increase in net loss compared with the net loss from same period of the previous year is due to the increase in general and administrative expenses, financial charges and foreign currency translation loss in Egyptian Pound; although the decrease in selling and distribution expenses and research expenses.
Reasons of increase (decrease) for quarter compared with previous quarter The reason for the net loss for the current period compared with the net profit of the previous period in same year is due to the increase in selling and distribution expenses, research expenses, general and administrative expenses, and financial charges in addition to foreign currency translation loss in Egyptian Pound.
Reclassifications in quarterly financial results Certain figures have been reclassified to comply with the current period presentation of the financial statements.
Other notes The sales for the quarter ended 31 December, 2016 amounted to SAR 288.8 million compared to the same quarter last year of SAR 362.6 million a decrease of 20%.
The sales for the period ended 31 December, 2016 amounted to SAR 1.424 billion compared to the same period last year of SAR 1.718 billion, a decrease of 17%.
The total shareholders' equity (before minority interest) at 31 December, 2016 amounted to SAR 985.6 million compared to SAR 455 million at 31 December, 2015, an increase of 54%.
The results of the interim period are not audited and therefore it may not give accurate indication
The calculation of the loss per share for this period was calculated based on dividing the net loss 32985000 on the number of shares 49052740, and for the same period from the last year by dividing the net loss 27122000 on the number of shares 38150000

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10.76 0.08 (+0.75%)
Value Traded (SAR) Volume Traded
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