AnnouncementDetails

Actions

Takween Advanced Industries Co. announces its Interim Financial Results for the Period Ending on 30-09-2021 ( Nine Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 222,453183,33621.336222,0500.181
Gross Profit (Loss) 24,14417,91034.80712,09499.636
Operational Profit (Loss) -8,620-8,900-3.146-9,571-9.936
Net Profit (Loss) after Zakat and Tax 40,3406,143556.6827,872412.449
Total Comprehensive Income 40,2996,930481.5157,996403.989
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 630,816582,5138.292
Gross Profit (Loss) 47,87257,156-16.243
Operational Profit (Loss) -30,851-15,94093.544
Net Profit (Loss) after Zakat and Tax 50,369-2,618-
Total Comprehensive Income 50,473-2,031-
Total Share Holders Equity (after Deducting Minority Equity) 638,706590,8838.093
Profit (Loss) per Share 0.420.065
All figures are in (Thousands) Saudi Arabia, Riyals
Accumulated LossesCapitalPercentage %
269,338950,00028.35
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListExplanation
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 profit in the current quarter compared to the net profit for the same quarter of previous year is due to the increase in sales revenue, the decrease of cost of revenue percentage, the decrease in general and administrative expenses, the decrease in financial charges, the capital gain from disposal of the majority 70% share capital of SAAF Co. and the increase in income from associate. Despite, the increase in selling and distribution expenses.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is The reason for the increase in net profit in the current quarter compared to the net profit for the previous quarter is due to the decrease of cost of revenue, the decrease in financial charges, the capital gain from disposal of the majority 70% share capital of SAAF Co. and the increase in income from associate. Despite, the increase in selling and distribution expenses.
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 the net profit in the current period compared to the net loss in same period of previous year is due to the increase in revenue, the decrease in general and administrative expenses, the decrease in financial charges, capital gain from disposal of the majority 70% share capital of SAAF Co. and the increase in income from associate. Despite, the increase in selling and distribution expenses.
Statement of the type of external auditor's report Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion N\A
Reclassification of Comparison Items Certain figures have been reclassified to comply with the current period presentation of the financial statements
Additional Information -1- On 07/07/2021, the company recognition of capital gains amount SAR (53,1 million) resulting from the recognition of capital gain from disposal of the majority (70% of the share capital) of Advanced Fabrics Factory Company (“SAAF”) after the transaction completion and deducting of transaction costs.

2-The profit per share for the period ended on 30-09-2021 was calculated by dividing the net profit of SAR (40,34 million) on the weighted average number of shares 95 million therefor profit per share is SAR 0.42, and for the same quarter of previous year was calculated by dividing the net loss of SAR (6,14 million) on the weighted average number of shares 95 million therefor loss per share is SAR (0,065).

3-The accumulated loses as of 30/09/2021 has reached SAR (269,34 million), equal to 28,35% of the company’s capital of SAR 950 million. The accumulated loses as of 31/12/2020 has reached SAR (319,7 million), equal to 33.65% of the company’s capital. Noting that the company is applying the procedures and instructions issued by the capital market authority of the listed companies in the Saudi Stock Exchange, which has accumulated losses of 20% or more of its capital.

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
17.46 -0.1 (-0.57%)
Value Traded (SAR) Volume Traded
7,066,154.36 403,020