Takween Advanced Industries reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was SAR 273.99 million compared to SAR 222.45 million a year ago. Net loss was SAR 21.89 million compared to net income of SAR 40.34 million a year ago. Basic loss per share from continuing operations was SAR 0.4702 compared to basic earnings per share from continuing operations of SAR 0.8587 a year ago.
For the nine months, sales was SAR 809.89 million compared to SAR 630.82 million a year ago. Net loss was SAR 45.85 million compared to net income of SAR 50.37 million a year ago. Basic loss per share from continuing operations was SAR 0.9814 compared to basic earnings per share from continuing operations of SAR 0.2045 a year ago.