Takween Advanced Industries Reports Full Year 2023 Earnings

Takween Advanced Industries (TADAWUL:1201) Full Year 2023 Results

Key Financial Results

• Revenue: ر.س818.2m (down 22% from FY 2022).
• Net loss: ر.س223.3m (loss widened by 41% from FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Takween Advanced Industries Earnings Insights

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Packaging industry in Asia.

Performance of the market in Saudi Arabia.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Takween Advanced Industries (2 can't be ignored!) that you should be aware of.

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