Astra net profit almost triples to SAR 115.4 mln in 2020

11/03/2021 Argaam Exclusive

View other reports

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.

Financials (M)

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.

Current Quarter Comparison (M)

Compared With The

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 %

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

×