Astra Industrial Group’s net profit soared to SAR 474.3 million in 2022, from SAR 202.4 million in 2021.
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 2,330.20 | 2,594.15 | 11.3 % |
| Gross Income | 894.53 | 1,040.05 | 16.3 % |
| Operating Income | 326.29 | 420.85 | 29.0 % |
| Net Income | 202.37 | 474.32 | 134.4 % |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | 2.53 | 5.93 | 134.4 % |
The robust performance was spurred by gains from discontinued operations and an increase in sales and gross profit from the pharmaceuticals, specialty chemicals and steel industries segments.
| Item | Q4 2021 | Q4 2022 | Change |
|---|---|---|---|
| Revenues | 590.58 | 729.02 | 23.4 % |
| Gross Income | 187.97 | 320.47 | 70.5 % |
| Operating Income | 66.22 | 157.63 | 138.1 % |
| Net Income | 51.79 | 85.66 | 65.4 % |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | 0.65 | 1.07 | 65.4 % |
| Item | Q3 2022 | Q4 2022 | Change |
|---|---|---|---|
| Revenues | 622.07 | 729.02 | 17.2 % |
| Gross Income | 219.94 | 320.47 | 45.7 % |
| Operating Income | 76.51 | 157.63 | 106.0 % |
| Net Income | 70.87 | 85.66 | 20.9 % |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | 0.89 | 1.07 | 20.9 % |
In Q4 2022, net profit leapt 65% to SAR 85.7 million, from SAR 51.79 million in the prior-year period.
Net profit in Q4 2022 rose by 20.9% from SAR 70.87 million in Q3 2022.
Total shareholders’ equity, after minority interest, increased to SAR 1.84 billion as of Dec. 31, 2022, from SAR 1.45 billion a year earlier.
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