Riyadh – Mubasher: The net profits after Zakat and tax of Astra Industrial Group amounted to SAR 122.88 million in the first quarter (Q1) of 2023, up 64.53% from SAR 74.69 million in Q1-22.

The Saudi firm generated revenues valued at SAR 748.27 million as of 31 March 2023, a 17.93% year-on-year (YoY) rise from SAR 634.51 million, according to interim financial results.

Earnings per share (EPS) hit SAR 1.54 during Q1-23, versus SAR 0.93 in Q1-22.

On a quarterly basis, the Q1-23 net profits after Zakat and tax hiked by 43.45% from SAR 85.66 million in Q4-22, while the revenues grew by 2.64% from SAR 729.01 million.

Last year, the company recorded 134.38% higher net profits after Zakat and tax at SAR 474.31 million, compared to SAR 202.36 million in the January-December 2021 period.