Astra Industrial Group posted a net profit after Zakat and tax of SAR 202.4 million in 2021, a rise of 75% compared with SAR 115.4 million a year earlier.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 2,047.88 | 2,330.20 | 13.8 % |
| Gross Income | 802.62 | 894.53 | 11.5 % |
| Operating Income | 212.44 | 326.29 | 53.6 % |
| Net Income | 115.44 | 202.37 | 75.3 % |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | 1.44 | 2.53 | 75.3 % |
The company attributed the profit growth to higher sales in the power and steel sectors as well as specialty chemicals sector, in addition to higher gross profit in all sectors.
Astra also cited the decrease in provision for impairment of financial assets in the pharmaceuticals sector.
This was despite an increase in the other expenses of the pharmaceuticals sector as well as higher general and administrative expenses of the pharmaceuticals and specialty chemicals sectors.
Q4 earnings leapt 37% year-on-year (YoY) to SAR 51.8 million from SAR 37.92 million.
Compared to the previous quarter, Q4 earnings increased 14.1% from SAR 45.37 million in Q3 2021.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 663.02 | 590.58 | (10.9 %) |
| Gross Income | 250.32 | 187.97 | (24.9 %) |
| Operating Income | 76.56 | 66.22 | (13.5 %) |
| Net Income | 37.92 | 51.79 | 36.6 % |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | 0.47 | 0.65 | 36.6 % |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 611.99 | 590.58 | (3.5 %) |
| Gross Income | 243.18 | 187.97 | (22.7 %) |
| Operating Income | 71.85 | 66.22 | (7.8 %) |
| Net Income | 45.37 | 51.79 | 14.1 % |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | 0.57 | 0.65 | 14.1 % |
Total shareholders’ equity, after minority interest, amounted to SAR 1.451 billion at the end of the period, a rise of 9.48% compared with SAR 1.325 billion a year earlier.
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