Riyadh-Mubasher: Takween Advanced Industries’ losses skyrocketed by 4865% to reach SAR 37.7 million in the fourth quarter last year as compared to SAR 760,000 in Q4-14.
During the 12 months of 2015, the company reported SAR 27.5 million losses, against profits worth SAR 55 million in the fiscal year 2014.
Sales cost 95% of their value in Q4-15, compared to 82% in Q4-14, causing the surge in losses.
