Takween Advanced Industries reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SAR 194.71 million compared to SAR 273.99 million a year ago. Net loss was SAR 30.31 million compared to SAR 21.89 million a year ago. Basic loss per share from continuing operations was SAR 0.65 compared to SAR 0.47 a year ago.
For the nine months, sales was SAR 644.94 million compared to SAR 809.89 million a year ago. Net loss was SAR 86.13 million compared to SAR 45.85 million a year ago. Basic loss per share from continuing operations was SAR 1.85 compared to SAR 0.99 a year ago.