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 63.10 0.10 (0.15%)
SABIC 53.40 -0.70 (-1.30%)
SABICAGRINUTRIENTS 125.00 -1.50 (-1.19%)
LUBEREF 122.30 -0.60 (-0.49%)
YANSAB 29.42 -0.46 (-1.54%)

Recent News

Dana Gas gets Egypt dues cleared after new gas find beats forecast

24/06/2026

Dana Gas said Egypt has settled all overdue receivables and returned to full, timely payments, giving the Sharjah-based natural gas company fresh confidence to continue investing in the country after

Gulfnews

OQEP signs amendment to Block 9 agreement to boost oil output, reserves growth

24/06/2026

OQ Exploration & Production (OQEP) has signed an amendment to the Exploration and Production Sharing Agreement (EPSA) for Block 9, a move aimed at increasing operational activity, supporting producti

Muscat Daily

Burjeel launches $1.5bn senior unsecured sukuk programme

24/06/2026

Burjeel Holdings, a leading super-specialty healthcare services provider in the GCC listed on the Abu Dhabi Securities Exchange, today (June 23) announced that it has received first-time corporate cr

Trade Arabia

Qatari group GWC seals partnership with Meydan Free Zone

24/06/2026

Gulf Warehousing Company, one of the region's leading logistics groups providing cross-border and integrated logistics solutions, and Meydan Management Services (Meydan Free Zone) have entered into a

Trade Arabia

AD Ports Group launches AI-powered intelligence headquarters

24/06/2026

AD Ports Group, a leading global enabler of trade, industry and logistics solutions based in Abu Dhabi, has announced the launch of its AI-driven business intelligence headquarters IHQ, a Group-wide

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