Astra Industrial Group announces its Annual Financial Results for the Period Ending on 2022-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 2,594,148,494 | 2,330,204,128 | 11.33 | ||
| Gross Profit (Loss) | 1,040,052,426 | 894,526,085 | 16.27 | ||
| Operational Profit (Loss) | 395,640,908 | 326,291,102 | 21.25 | ||
| Net Profit (Loss) after Zakat and Tax | 474,316,220 | 202,368,832 | 134.38 | ||
| Total Comprehensive Income | 517,745,586 | 185,794,439 | 178.66 | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 1,849,376,401 | 1,451,641,002 | 27.4 | ||
| Profit (Loss) per Share | 5.93 | 2.53 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Explanation |
|---|---|
| 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. Gain from discontinued operation.
2. Increase in sales and gross profit in the following sectors:
a) Pharmaceuticals. b) Specialty chemical. c) Steel industries.
3. Decrease in foreign exchange and hyperinflation in the following sectors:
a) Pharmaceuticals. b) Specialty chemical.
4. Decrease in provision for impairment of financial assets in the following sectors:
a) Specialty chemical. b) Steel industries. c) Other.
While noting that there is increase in general and administrative expenses and selling and distribution expenses in all sectors. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Reclassification of Comparison Items | Certain comparative figures for the previous period have been reclassified to be consistent with the presentation of the current period. |
| Additional Information | 1. Net Shareholders’ Equity at the end of the period was SR 1,913,185,390/- compared to SR 1,504,091,847 /- at the end of the similar period last year with an increase of 27%.
2. With the completion of the sale of Al Anmaa during the period, the financial results and statements of Al Tanmiya were accounted for in accordance with IFRS requirements. Please refer to Note 33 of the consolidated financial statements for further details. |
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