Financial Results : Astra net profit surges 48% to SAR 50.6 mln in Q1 2021

Astra net profit surges 48% to SAR 50.6 mln in Q1 2021

10/05/2021 Argaam Exclusive

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Astra Industrial Group reported a net profit after Zakat and tax of SAR 50.6 million for the first quarter of 2021, a 48% increase from a net profit of SAR 34.1 million in the same period last year.



Current Quarter Comparison (M)

Compared With The
Item Q1 2020 Q1 2021 Change‬
Revenues 509.51 594.55 16.7 %
Gross Income 207.17 258.01 24.5 %
Operating Income 63.05 117.21 85.9 %
Net Income 34.09 50.61 48.4 %
Average Shares 80.00 80.00 -
EPS (Riyals) 0.43 0.63 48.4 %

The increase in net profit was attributed to higher sales in the specialty chemical, and power and steel segments, in addition to lower selling and distribution expenses in the pharmaceuticals segment, and power and steel segment.

When compared to previous quarter, net profit after Zakat and tax for Q1 2021 grew 33%.

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