Financial Results : Astra’s net profit jumps 48% to SAR 74.7 mln in Q1 2022

Astra’s net profit jumps 48% to SAR 74.7 mln in Q1 2022

16/05/2022 Argaam Exclusive

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Astra Industrial Group reported a jump of 48% in net profit after Zakat and tax to SAR 74.7 million for Q1 2022, from SAR 50.6 million in the prior-year period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2021 Q1 2022 Change‬
Revenues 594.55 634.52 6.7 %
Gross Income 258.01 273.88 6.1 %
Operating Income 117.21 95.31 (18.7 %)
Net Income 50.61 74.69 47.6 %
Average Shares 80.00 80.00 -
EPS (Riyals) 0.63 0.93 47.6 %

This rise was buoyed by higher sales from pharmaceuticals and specialty chemicals segments, lower other expenses in the pharmaceuticals segment, and decreased provisions for asset impairment in the same segment.

 

Net profit jumped 44.2% from SAR 51.79 million in Q4 2021.

 

Total shareholders’ equity, after minority interest, grew 11.9% year-on-year (YoY) to SAR 1.526 billion in Q1 2022.

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