Astra Industrial Group’s net profit after Zakat and tax climbed 32% year-on-year (YoY) to SAR 29.7 million for the fiscal year 2019, driven by higher operating profit amid improved sales in the pharmaceuticals, and power and steel segments.
The annual figures were also buoyed by lower asset impairment provision in the pharmaceuticals, and power and steel segments, along with a decrease in general and administrative expenses
The reversal of excess Zakat provisions based on the settlements reached with the General Authority for Zakat and Tax (GAZT) reflected positively on Astra’s results.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 1,796.90 | 1,867.11 | 3.9 % |
| Gross Income | 711.95 | 738.35 | 3.7 % |
| Operating Income | 135.74 | 196.17 | 44.5 % |
| Net Income | 22.48 | 29.70 | 32.1 % |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | 0.28 | 0.37 | 32.1 % |
In Q4 2019, Astra’s net profit surged to SAR 19.6 million from SAR 7.7 million a year earlier.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 478.34 | 456.36 | (4.6 %) |
| Gross Income | 186.25 | 178.94 | (3.9 %) |
| Operating Income | 55.81 | 48.09 | (13.8 %) |
| Net Income | 7.73 | 19.64 | 153.9 % |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | 0.10 | 0.25 | 153.9 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 447.16 | 456.36 | 2.1 % |
| Gross Income | 161.80 | 178.94 | 10.6 % |
| Operating Income | 29.27 | 48.09 | 64.3 % |
| Net Income | (14.63) | 19.64 | 234.3 % |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | (0.18) | 0.25 | 234.3 % |
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