Astra Industrial Group posted a net profit of SAR 122.9 million in Q1 2023, a 65% increase from SAR 74.7 million a year earlier.
| Item | Q1 2022 | Q1 2023 | Change |
|---|---|---|---|
| Revenues | 634.52 | 748.28 | 17.9 % |
| Gross Income | 273.88 | 311.97 | 13.9 % |
| Operating Income | 95.31 | 138.78 | 45.6 % |
| Net Income | 74.69 | 122.88 | 64.5 % |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | 0.93 | 1.54 | 64.5 % |
| Item | Q4 2022 | Q1 2023 | Change |
|---|---|---|---|
| Revenues | 729.02 | 748.28 | 2.6 % |
| Gross Income | 320.47 | 311.97 | (2.7 %) |
| Operating Income | 157.63 | 138.78 | (12.0 %) |
| Net Income | 85.66 | 122.88 | 43.4 % |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | 1.07 | 1.54 | 43.4 % |
The positive performance was driven by higher sales across all segments; lower selling and distribution expenses in the pharmaceuticals, specialty chemicals and other segments; as well as lower financing costs of other segments.
Sequentially, net profit rose 43.4% from SAR 85.66 million in Q4 2022.
Shareholders’ equity, excluding minority interest, stood at SAR 1.97 billion as of March 31, 2023, compared to SAR 1.52 billion a year earlier.
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