Astra Industrial Group announces the interim financial results for the period ended 30/06/2012
1. Net profit for the second quarter is SAR 68.5 million, compared to SAR 67.3 million for the corresponding quarter of the previous year, an increase of 2 % and compared to SAR 64.1 million for the previous quarter, an increase of 7 %.
2.Gross profit for the second quarter is SAR 154.9 million, compared to SAR 145.8 million for the corresponding quarter of the previous year, an increase of 6 %.
3.Operating profit for the second quarter is SAR 50.4 million, compared to SAR 50 million for the corresponding quarter of the previous year, an increase of 1 %.
4. Net profit for the six months period is SAR 132.6 million, compared to SAR 129.3 million for the corresponding period of the previous year, an increase of 3%.
5. Gross profit for the six months period is SAR 311 million, compared to SAR 287.4 million for the corresponding period of the previous year, an increase of 8%.
6. Operating profit for the six months period is SAR 104.3million, compared to SAR 101.3 million for the corresponding period of the previous year, an increase of 3%.
7.Earnings per share for the six months period is SAR 1.79, compared to SAR 1.74 for the corresponding period of the previous year.
8. The increase in profit for the quarter and six months period compared to the same period in the previous year is mainly due to the increase in Pharmaceutical sector sales.The increase in profit for the quarter comparing to the previous quarter is mainly attributed to the specialty chemicals and steel sector.
Certain comparative figures have been reclassified to be consistent with the presentation of the current period.
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