Takween Advanced Industries Co. — Earnings Release 2014

Feb 17, 2015

Takween Advanced Industries announces the annual financial results of the period ending on 31-12-2014

1201 · 17/02/2015 15:35:53 · Announcement #37154 · View on Saudi Exchange

Takween Advanced Industries announces the annual financial results of the period ending on 31-12-2014

Element	Current year	Previous year	% Change
Net profit (loss)	55.3	44.4	24.55
Earning or loss per share, Riyals	1.58	1.27	-
Gross profit (loss)	121.3	95.3	27.28
Operational profit (loss)	56.9	46.6	22.1

*All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of annual financial results	The increase of net income is due to increase of sales revenue, increase of other income, and decrease of selling and distribution expenses. However, there are increase in the R&D expenses, general and administrative expenses, finance expenses and Zakat.
Reclassifications in annual financial results	Certain figures for 2013 have been reclassified to conform to the presentation in current year.

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