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Close
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Takween FY18 losses shrink 76% on stronger sales

2019-03-17 11:27:22 GMT (Economies.com)
 

Takween Advanced Industries posted its financial results for the fiscal year 2018, showing that losses declined by 76.4% to SAR 39.7 million, from SAR 168.2 million a year earlier.

 

The company generated SAR 4.8 million net operating profit, against SAR 11.89 million net operating loss in 2017.

 

It attributed the improved results to an increase in sales and decrease in G&A expenses. 

 

FY18 revenues amounted to SAR 1.343 billion, compared to SAR 1.230 billion in FY17.

 

Financial results for the first nine months of 2018 showed SAR 2.5 million net profit, versus SAR 70.7 million net loss in prior-year period.

 
 
 
  Symbol Last Change Chg.%
1.1606
0.0036
0.3139%
1.3751
0.0123
0.9053%
Tadawul
11773.36
25.09
0.21%
23.335
0.700
3.090%
82.022
0.902
1.112%
84.86
0.86
1.02%
1767.855
13.150
0.749%
 
 
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