Takween Advanced Industries Third Quarter 2024 Earnings: ر.س0.23 loss per share (vs ر.س0.65 loss in 3Q 2023)

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

Key Financial Results

• Revenue: ر.س183.9m (down 5.6% from 3Q 2023).
• Net loss: ر.س17.7m (loss narrowed by 42% from 3Q 2023).
• ر.س0.23 loss per share (improved from ر.س0.65 loss in 3Q 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 8.5% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Packaging industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are down 5.4% from a week ago.

Risk Analysis

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

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