Stock Analysis

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

SASE:1201
Source: Shutterstock

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).
earnings-and-revenue-history
SASE:1201 Earnings and Revenue History November 15th 2024

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.

Valuation is complex, but we're here to simplify it.

Discover if Takween Advanced Industries might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

Access Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.