Riyadh – Mubasher: Astra Industrial Group achieved a net profit after Zakat and tax worth SAR 45.37 million in the third quarter (Q3) of 2021, an increase of 136% from SAR 19.2 million in Q3-20.

Revenues soared by 41% to SAR 611.99 million in Q3-21 from SAR 433.83 million in Q3-20, according to the initial financial results on Wednesday.

On a quarterly basis, the net profits in Q3-21 were 16.8% lower than SAR 54.59 million in Q2-21, while the revenues rose by 13.9% from SAR 536.98 million.

During the first nine months of 2021, Astra Industrial registered a year-on-year (YoY) surge of 94% in net profits to SAR 150.57 million from SAR 77.52 million.

Earnings per share stood at SAR 1.88 at the end of September 2021, higher than SAR 0.97 in the same period last year.

Revenues grew by 26% YoY to SAR 1.74 billion in January-September 2021 from SAR 1.38 billion.