Financial Results : Astra net profit jumps 22% to SAR 149.7M in Q1 2024

Astra net profit jumps 22% to SAR 149.7M in Q1 2024

12/05/2024 Argaam Exclusive

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Astra Industrial Group posted a net profit of SAR 149.7 million in Q1 2024, a 22% increase from SAR 122.9 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2023 Q1 2024 Change‬
Revenues 748.28 833.04 11.3 %
Gross Income 311.97 349.10 11.9 %
Operating Income 138.78 169.01 21.8 %
Net Income 122.88 149.74 21.9 %
Average Shares 80.00 80.00 -
EPS (Riyals) 1.54 1.87 21.9 %

The positive performance was driven by higher sales and gross profit in steel industries and pharmaceuticals segments.

 

Sequentially, net profit rose 11.5% from SAR 134.28 million in Q4 2023.

 

Shareholders’ equity, excluding minority interest, stood at SAR 2.28 billion as of March 31, 2024, compared to SAR 1.97 billion a year earlier.

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