Keeping a lid on its costs
Takween’s Q1 2016 revenues dropped by 15.9% yoy to SAR352.669m. The cost of sales recorded a considerable decline by 24.60%, leading the beginning of the year to be profitable: the company’s net result is positive at SAR5.028m, compared with a SAR15.486m loss in Q1 2015, and more importantly, a loss amounting to SAR37.734m in Q4 2015.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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