Astra Industrial Group reported a net profit after Zakat and tax of SAR 115.4 million in 2020, a more than three-fold increase, from SAR 29.7 million a year earlier.
The profit rise was driven by higher sales revenue and gross profit from pharmaceuticals and specialty chemicals segments.
The company also cited lower other expenses, lower Zakat expenses and decreased financial charges from segments of pharmaceuticals, specialty chemicals and power and steel, in addition to a change in loss accounting for joint ventures due to the consolidation of their financial statements.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 1,867.11 | 2,047.88 | 9.7 % |
| Gross Income | 738.35 | 802.62 | 8.7 % |
| Operating Income | 196.17 | 212.44 | 8.3 % |
| Net Income | 29.70 | 115.44 | 288.8 % |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | 0.37 | 1.44 | 288.8 % |
The company’s Q4 2020 net profit surged 93% year-on-year (YoY) to SAR 37.9 million.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 456.36 | 663.02 | 45.3 % |
| Gross Income | 178.94 | 250.32 | 39.9 % |
| Operating Income | 48.09 | 76.56 | 59.2 % |
| Net Income | 19.64 | 37.92 | 93.1 % |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | 0.25 | 0.47 | 93.1 % |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 433.83 | 663.02 | 52.8 % |
| Gross Income | 179.38 | 250.32 | 39.5 % |
| Operating Income | 29.56 | 76.56 | 159.0 % |
| Net Income | 19.20 | 37.92 | 97.5 % |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | 0.24 | 0.47 | 97.5 % |
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