Takween Advanced Industries Company reported earnings results for the year ended December 31, 2016. For the year, the company reported Net loss of SAR 57.290 million against SAR 27.122 million a year ago. Operational profit was SAR 25.598 million against SAR 13.693 million a year ago. Earning or loss per share was SAR 1.17 against SAR 0.71 a year ago. The reason for the increase in net loss as compared with the net loss for same period previous year is due to the increase in general and administrative expenses, financial charges, due to compliance with IFRS certain intangible assets have been written off, the re-evaluation of the Egyptian Pound after the devaluation of the Egyptian Pound; although there was a decrease in cost of sales- which had its impact on increasing the gross profit by 3.55%, and the decrease in selling and distribution expenses and research expenses- which had its impact on the increase of the operating income by 86.94%. The total sales amounted to SAR 1,415 million as compared to the same period last year of SAR 1,718 million a decrease of 17%. This is due to decrease on the price of raw material which in turn led to decrease on the sales price as per the signed contracts with customers.