Astra Industrial Group announces its Interim Financial results for the Period Ending on 2024-09-30 ( Nine Months )

Sales/Revenue

688,527,042

643,206,065

7.046

819,094,894

-15.94

Gross Profit (Loss)

324,022,859

259,197,627

25.009

338,828,302

-4.369

Operational Profit (Loss)

164,375,553

114,032,026

44.148

163,267,094

0.678

Net profit (Loss)

139,413,626

103,415,243

34.809

168,747,319

-17.383

Total Comprehensive Income

143,205,116

108,008,769

32.586

163,358,176

-12.336

Sales/Revenue

2,340,660,188

2,042,871,476

14.576

Gross Profit (Loss)

1,011,947,720

848,603,189

19.248

Operational Profit (Loss)

496,648,352

379,839,530

30.752

Net profit (Loss)

457,902,329

341,043,859

34.264

Total Comprehensive Income

460,801,778

341,972,773

34.748

Total Shareholders Equity (after Deducting Minority Equity)

2,388,704,390

1,991,359,361

19.953

Profit (Loss) per Share

5.72

4.26

Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value

–

–

The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is

Sales increases in general due to:
Increase in Sales in the following sectors:
a) Pharmaceuticals.
b) Specialty chemical.

The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is

Net profit Increases in general due to:
Increase in Sales and Gross Profit in the following sectors:
a) Pharmaceuticals.
b) Specialty chemical.

The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is

Sales decrease in general due to:
Decrease in Sales in the following sectors:
a) Steel industries.
b) Specialty chemical.

The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is

Net profit decreases in general due to:
1. Previous quarter included gain from discontinued operation
2. Decrease in Gross Profit in the following sectors:
a) Steel industries.
b) Specialty chemical.

The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is

Sales increases in general due to:
Increase in Sales in the following sectors:
a) Steel industries.
b) Pharmaceuticals.

The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is

Net profit Increases in general due to:
1. Increase in Gross Profit in all sectors:
2. Gain from discontinued operation.

Statement of the type of external auditor’s report

Unmodified conclusion

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 2,395,855,591/- compared to SR 2,053,543,321/- at the end of the similar period last year with an increase of 17%.
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)