Takween did not enjoy the oil price decline!
During Q3 2015, Takween has recorded a considerable sales increase: +136% compared to Q3 2014, leading the revenues to grow by the same rate since the beginning of the year, compared to the same period in 2014. However, the net income did not follow the same trend as the sales. It has become negative, moving from SAR19.450M in Q3 2014 to SAR-2.273M in Q3 2015, leading the net income to decline by 82% since the beginning of the year, compared to the beginning of 2014.
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