Tasnee slumps to Q3 net loss on lower sales, prices

20/10/2015 05:33 AST

Saudi Arabia's National Industrialization Co. (Tasnee) swung to a loss in the third quarter as it was hit by both lower sales and prices.

Tasnee, which had reported losses in the preceding two quarters as well, made a loss of SR296.3 million ($79.0 million) in the three months to Sept. 30 compared to a profit of SR243.7 million in the prior-year period, according to a bourse filing.

Three analysts had forecast on average the firm would make a quarterly net profit of SR56.4 million.

The diversified industrial firm has interests in petrochemicals, metals and chemicals and is one of the world's largest producers of titanium dioxide through its Cristal subsidiary. It cited "lower average sales prices and lower sales volumes" for the decline.


Arab News

News

Tahweel in deal with Tasnee to acquire Saudi industrial group for $186m

04/03/2026

Saudi Holding Company for Conversion Industries (Tahweel Holding) has entered into a deal with leading petrochemical group Tasnee to acquire 100% of the share capital of its entity - Al Rowad Industr

Trade Arabia

Tasnee Q1 net loss narrows, ahead of forecasts

18/04/2016

Saudi Arabia's National Industrialization Co (Tasnee) posted a narrower first-quarter net loss, beating analysts' forecasts due to higher sales volumes and not suffering the same negative impact from

Reuters

Asian contractors win $290m Saudi Tasnee project

27/04/2015

Saudi Arabia's National Industrialisation Company (Tasnee) said it has chosen Taiwan's CTCI and Japan's Chiyoda Corp to build a titanium sponge plant for its majority-owned Cristal subsidiary.
<

Reuters

Most Viewed Companies

Ticker Price Volume

Valuation

TASNEE Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
MAADEN 70.00 5.00 (7.69%)
SABIC 59.25 -0.10 (-0.17%)
SABICAGRINUTRIENTS 148.50 -1.50 (-1.00%)
YANSAB 33.80 -1.90 (-5.33%)
LUBEREF 110.50 2.10 (1.93%)

Recent News

Zain Bahrain names Ammar Al Ketbi as new CEO

09/04/2026

Zain Bahrain, a leading provider of telecom services, innovative technologies and digital lifestyle experience in the kingdom, has appointed Ammar Al Ketbi as its new Chief Executive Officer.

Trade Arabia

Al Mal Capital appoints Sanjay Vig as Chief Executive Officer

09/04/2026

Al Mal Capital , a UAE based investment management and financial advisory firm, licensed by the Capital Markets Authority (CMA) has appointed Sanjay Vig as the Chief Executive Officer.

Vig

Trade Arabia

Abu Dhabi Maritime Academy inks deal with Congolese mining firm

09/04/2026

Abu Dhabi Maritime Academy (ADMA), the region's leading academic institution for maritime training, and an integral part of AD Ports Group, has signed a research, development, and operational deploym

Trade Arabia

Alkhorayef lands Riyadh sewage network maintenance contract

09/04/2026

Saudi-based Alkhorayef Water and Power Technologies Company has announced that it has secured a SAR69.5 million ($18.5 million) sewage project works contract from Royal Commission for Riyadh City.

Trade Arabia

Asas Makeen in deal to develop 503-unit residential project in Riyadh

09/04/2026

Saudi-based Asas Makeen Real Estate Development and Investment Company has announced that it has signed an agreement with Tawafuq Al Rimal Real Estate Fund for the development of an integrated reside

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap