Astra Industrial Group announces its Annual Financial results for the period ending on 2023-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 2,858,502,528 | 2,594,148,494 | 10.19 | ||
| Gross Profit (Loss) | 1,186,809,514 | 1,040,052,426 | 14.11 | ||
| Operational Profit (Loss) | 531,267,677 | 395,640,908 | 34.28 | ||
| Net profit (Loss) | 475,326,552 | 474,316,220 | 0.21 | ||
| Total Comprehensive Income | 478,516,024 | 517,745,586 | -7.58 | ||
| Total Share Holders Equity (After Deducting the Minority Equity) | 2,127,902,612 | 1,849,386,588 | 15.06 | ||
| Profit (Loss) per Share | 5.94 | 5.93 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | Sales increases in general due to:
Increase in Sales in the following sectors:
a) Pharmaceuticals b) Steel industries c) Other |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Net profit Increases in general due to:
1. Increase in Sales and Gross Profit in the following sectors: a) Pharmaceuticals b) Steel Industries
2. Decrease in net financing cost in the other sector.
3. Decrease in general and administrative expenses in the following sectors: a) Other b) Specialty chemical
While noting that similar period during last year included gain from discontinued operation. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | NA |
| Reclassification of Comparison Items | NA |
| Additional Information | 1. Net Shareholders’ Equity at the end of the period was SR 2,131,107,759/- compared to SR 1,913,185,390/- at the end of the similar period last year with an increase of 11%.
2. On February 21, 2024, Astra Industrial Group and Tharwat Mining Company signed an agreement with Saudi Lime Industries Company for exiting its entire investment in Astra Mining for a transaction price SAR 35 million for 100% of the company and settlement of company’s total commercial debt of SAR 129.6M. The process is underway to complete the transaction before the end of second quarter. |
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