Astra Industrial Group announces its Annual Financial results for the period ending on 2024-12-31

Element List
Current Year
Previous Year
%Change
Sales/Revenue
3,062,261,277
2,819,586,562
8.61
Gross Profit (Loss)
1,342,292,117
1,182,305,880
13.53
Operational Profit (Loss)
658,476,355
533,276,660
23.48
Net profit (Loss)
589,340,930
475,326,552
23.99
Total Comprehensive Income
595,903,466
478,516,024
24.53
Total Shareholders Equity (after Deducting Minority Equity)
2,523,806,078
2,127,902,612
18.61
Profit (Loss) per Share
7.37
5.94

All figures are in (Actual) Saudi Arabia, Riyals

Element List
Amount
Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value
–
–

All figures are in (Actual) Saudi Arabia, Riyals

Element List
Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year
Sales increase in general due to:

Increase in Sales in the following sectors:a) Pharmaceuticalsb) Steel industries
The reason of the increase (decrease) in the net profit during the current year compared to the last year is
Net profit Increases in general due to:

1. Increase in Gross Profit in all sectors.

2. Gain from discontinued operation.

3. Increase in other income in other sector.
Statement of the type of external auditor’s report
Unmodified opinion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)
N\A
Reclassification of Comparison Items
Certain comparative figures for the previous period have been reclassified to be consistent with the presentation of the current period.
Additional Information
1. Net Shareholders’ Equity at the end of the period was SR 2,530,968,707/- compared to SR 2,131,107,759/- at the end of the similar period last year with an increase of 19%.

2. On 21 February 2024, Astra Industrial Group and Tharwat Mining Company signed an agreement with Saudi Lime Industries Company (the “purchaser”) for exiting its entire investment in Astra Mining for a transaction price of SR 35 million for 100% equity stake and also the purchaser will settle the amounts due to the Company by Astra Mining of SR 129.6 million. The deal was subject to completion of certain conditions by the buyer. These conditions were fulfilled on 19 May 2024. Accordingly, the control was transferred to the buyer on that date and the Company has recognized its share of gain amounting to SAR 37.8M (representing 77.3% of consolidated gain on disposal amounting to SAR 48.9M). (For details, please refer to Consolidated Interim Financial Statements)