Astra Industrial Group reported a net profit of SAR 475.3 million for 2023, compared to SAR 474.3 million a year earlier.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 2,594.15 | 2,858.50 | 10.2 % |
| Gross Income | 1,040.05 | 1,186.81 | 14.1 % |
| Operating Income | 420.85 | 531.27 | 26.2 % |
| Net Income | 474.32 | 475.33 | 0.2 % |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | 5.93 | 5.94 | 0.2 % |
This was propelled by higher sales and gross profit in pharmaceuticals and steel industries segments, decreased net financing cost, and lower general and administrative expenses.
| Item | Q4 2022 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 729.02 | 789.70 | 8.3 % |
| Gross Income | 320.47 | 335.77 | 4.8 % |
| Operating Income | 157.63 | 154.18 | (2.2 %) |
| Net Income | 85.66 | 134.28 | 56.8 % |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | 1.07 | 1.68 | 56.8 % |
| Item | Q3 2023 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 653.51 | 789.70 | 20.8 % |
| Gross Income | 261.10 | 335.77 | 28.6 % |
| Operating Income | 114.39 | 154.18 | 34.8 % |
| Net Income | 103.42 | 134.28 | 29.8 % |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | 1.29 | 1.68 | 29.8 % |
Q4 2023 reached SAR 134.3 million, an increase of 56.8% year-on-year (YoY).
On a sequential basis, net earnings rose 29.8% from SAR 103.42 million in Q3 2023.
Shareholders’ equity, after minority interest, reached SAR 2.12 billion by Dec. 31, 2023, compared to SAR 1.84 billion a year earlier.
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