Further to Astra Industrial Group announcement dated April 20th 2015 published on Tadawul related to the interim financial results for the period ending 31-3-2015 (Three months), Astra Industrial Group would like to clarify that there was a typo error in the English version of the announcement in the reasons of increase (decrease) for the quarter compared with same quarter last year.
The wrong announcement:
Net profit decrease in general due to:
A) Pharmaceutical sector mainly: a. Lower other income
B) Power and Steel sector mainly:a. Lower gross margins in steel stru
Net profit decrease in general due to: A) Increase in other expenses mainly resulting from currency exchange losses in the following sectors:i) Speciality Chemicals sector ii) Pharmaceutical sector
The correct announcement should read as follows:
Net profit decrease in general due to:
A) Increase in other expenses mainly resulting from currency exchange losses in the following sectors:
i) Specialty Chemicals sector
ii) Pharmaceutical sector
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.