Takween Advanced Industries Second Quarter 2024 Earnings: ر.س0.061 loss per share (vs ر.س0.65 loss in 2Q 2023)

Takween Advanced Industries (TADAWUL:1201) Second Quarter 2024 Results

Key Financial Results

• Revenue: ر.س161.8m (down 26% from 2Q 2023).
• Net loss: ر.س4.17m (loss narrowed by 86% from 2Q 2023).
• ر.س0.061 loss per share (improved from ر.س0.65 loss in 2Q 2023).

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 3 years, compared to a 14% growth forecast for the Packaging industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are down 6.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Takween Advanced Industries has 3 warning signs (and 2 which are concerning) we think you should know about.

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