Astra Industrial Group announces the interim consolidated financial results for the period ended 31/12/2012
1. Net profit for the fourth quarter is SAR 63.4 million, compared to SAR 62.9 million for the corresponding quarter of the previous year, an increase of 1 % and compared to SAR 46.7 million for the previous quarter, an increase of 36 %.
2. Gross profit for the fourth quarter is SAR 145.9 million, compared to SAR 138.1 million for the corresponding quarter of the previous year, an increase of 6 %.
3. Operating profit for the fourth quarter is SAR 42.8 million, compared to SAR 49.1 million for the corresponding quarter of the previous year, a decrease of 13 %.
4. Net profit for the twelve months period is SAR 242.6 million, compared to SAR 248.1 million for the corresponding period of the previous year, a decrease of 2%.
5. Earnings per share for the twelve months period is SAR 3.27, compared to SAR 3.35 for the corresponding period of the previous year.
6. Gross profit for the twelve months period is SAR 609.8 million, compared to SAR 549.8 million for the corresponding period of the previous year, an increase of 11%.
7. Operating profit for the twelve months period is SAR 182.7 million, compared to SAR 186.8 million for the corresponding period of the previous year, a decrease of 2%.
8. The increase in profit for the quarter as compared to the same period of the previous year is mainly due to increase in other income related to return on investment.
9. The decrease in operating profit for the quarter and twelve months period compared to the same periods in the previous year is mainly due to reduction of margins in Specialty Chemical sector and due to increased cost associated with Tanmiah factory which is under implementation. The decrease in profit for the twelve month period compared to the previous year is mainly due to reduction in royalty income in addition to the reasons mentioned above.
10. The increase in profit as compared to preceding quarter of the current year is mainly due to increase in sales since sales during previous quarter were lower due to summer and Ramadan.
11. The increase in gross profit for the quarter and twelve months period compared to the same periods in the previous year is mainly due to increase in sales.
12. Certain comparative figures for the previous year have been reclassified to be consistent with the presentation of the current period.
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