Report
EUR 236.14 For Business Accounts Only

New investment: A double-edged sword

Takween has been through the toughest quarter in the year. Although revenues grew significantly compared with Q4 2014 (+88.8% including external growth after the acquisition of Savola's plastic unit), their rhythm has been slowed down compared with the previous quarters (+141.4% in Q1 2015, +130% in Q2 2015 and +136% in Q3 2015), leading the sales recorded in 2015 to rise by 123.85% yoy, at SAR1718.467M. For the first time in the last eight years, the net result is negative, moving from SAR55.323M in 2014 to SAR-27.461M in 2015.
Underlying
TAKWEEN ADVANCED INDUSTRIES

Provider
AlphaMena Corporate Services
AlphaMena Corporate Services

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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