Astra Industrial Group announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 842,880,387 | 748,278,115 | 12.642 | 789,699,185 | 6.734 |
| Gross Profit (Loss) | 350,539,320 | 311,973,195 | 12.361 | 335,766,783 | 4.399 |
| Operational Profit (Loss) | 168,460,082 | 138,783,969 | 21.382 | 154,181,006 | 9.261 |
| Net profit (Loss) | 149,741,384 | 122,884,567 | 21.855 | 134,282,693 | 11.512 |
| Total Comprehensive Income | 154,238,486 | 130,335,790 | 18.339 | 136,543,251 | 12.959 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (After Deducting the Minority Equity) | 2,282,141,098 | 1,979,722,378 | 15.275 |
| Profit (Loss) per Share | 1.87 | 1.54 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Percentage of the capital (%) | Amount | |
|---|---|---|---|
| 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 quarter compared to the same quarter of the last year is | Sales increases in general due to:
- Increase in Sales in the following sectors:
a) Steel industries b) Pharmaceuticals |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net profit Increases in general due to:
Increase in Sales and Gross Profit in the following sectors: a) Steel Industries b) Pharmaceuticals |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Sales increases in general due to:
- Increase in Sales in the Pharmaceuticals sector. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit Increases in general due to:
1. Increase in Sales and Gross Profit in Pharmaceuticals sector.
2. Increase in other income, net.
While noting that there is an increase in zakat and income tax expenses in all sectors. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| 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 2,284,974,052/- compared to SR 2,042,827,433/- at the end of the similar period last year with an increase of 12%.
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 subject to completing the agreed upon terms as per SPA. |
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