Astra Industrial Group has reported a SAR 264 million drop in retained earnings, due to the implementation of the International Financial Reporting Standards (IFRS) on financial statements as of Jan. 1, 2016.
Astra took SAR 19 million in provisions, driven by the IFRS adoption, the company said in a statement to the Saudi bourse (Tadawul) on Thursday.
Comments
{{DisplayName}}
{{ElapsedTime}}