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.
| Item | Q1 2023 | Q1 2024 | Change |
|---|---|---|---|
| Revenues | 748.28 | 842.88 | 12.6 % |
| Gross Income | 311.97 | 350.54 | 12.4 % |
| Operating Income | 138.78 | 168.46 | 21.4 % |
| Net Income | 122.88 | 149.74 | 21.9 % |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | 1.54 | 1.87 | 21.9 % |
| Item | Q4 2023 | Q1 2024 | Change |
|---|---|---|---|
| Revenues | 789.70 | 842.88 | 6.7 % |
| Gross Income | 335.77 | 350.54 | 4.4 % |
| Operating Income | 154.18 | 168.46 | 9.3 % |
| Net Income | 134.28 | 149.74 | 11.5 % |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | 1.68 | 1.87 | 11.5 % |
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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