Takween Advanced Industries Co. — Interim / Quarterly Report 2014

Jul 16, 2014

Takween Advanced Industries announces the interim financial results for the period ending on 30-06-2014 (Six Months)

1201 · 16/07/2014 08:44:59 · Announcement #35124 · View on Saudi Exchange

Takween Advanced Industries announces the interim financial results for the period ending on 30-06-2014 (Six Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	27.8	16.8	65.48	8.8	215.91
Gross profit (loss)	29.5	26.2	12.6	22.2	32.88
Operational profit (loss)	10.8	13.4	-	7.7	40.26
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	36.6	35.1	4.27
Gross profit (loss)	51.7	56.9	-
Operational profit (loss)	18.5	33.3	-
Earning or loss per share, Riyals	1.05	1	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	The increase of net income is due to improve of sales revenue and increase in the other income ( Gain on investments held for trading)
Reasons of increase (decrease) for period compared with same period last year	The increase of net income is due to improve of sales revenue and increase in the other income ( Gain on investments held for trading)
Reasons of increase (decrease) for quarter compared with previous quarter	The increase of net income is due to improve of sales revenue and increase in the other income ( Gain on investments held for trading)
Reclassifications in quarterly financial results	Certain figures for 2013 have been reclassified to conform to the presentation in 2014

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