Riyadh – Mubasher: Takween Advanced Industries Company achieved net profits after Zakat and tax worth SAR 10.02 million during the first half (H1) of 2021, against losses of SAR 8.76 million in H1-20.
Earnings per share stood at SAR 0.106 in the first six months of 2021, versus loss per share of SAR 0.094 in H1-20, according to the initial income results on Thursday.
Revenues increased by 2.3% to SAR 408.36 million in the January-June 2021 period from SAR 399.17 million in the corresponding period last year.
During the second quarter (Q2) of 2021, Takween posted an annual decline of 21.5% in net profits after Zakat and tax to SAR 7.87 million from SAR 10.03 million in Q2-20.
Revenues meanwhile grew 11.8% to SAR 222.05 million in the April-June 2021 period from SAR 198.53 million in the same period a year earlier.
On a quarterly basis, the net profits in Q2-21 were higher by 264.9% from SAR 2.15 million in Q1-21. Revenues also increased by 19% from SAR 186.31 million.
Takween added that its accumulated losses amounted to SAR 309.67 million as on 30 June 2021, representing 32.59% of the SAR 950 million capital.
