1212 · 05/05/2019 08:26:16 · Announcement #54774 · View on Saudi Exchange

Astra Industrial Group announces its interim Financial results for the period ending on 2019-03-31 ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 466,672,674476,820,023-2.128455,948,4972.352
Total Profit (Loss) 184,116,950191,500,836-3.855173,303,3306.239
Profit (Loss) Operational 46,541,61044,361,3334.91433,425,50639.239
Net Profit (Loss) after Zakat and Tax 8,907,04825,530,269-65.1117,732,60815.188
Total Comprehensive Income 12,431,9775,909,674110.366-12,253,860-
All figures are in (Actual) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after deducting minority equity) 1,070,631,9431,128,613,459-5.137
Profit (Loss) per Share 0.110.32
All figures are in (Actual) Saudi Arabia, Riyals
Element ListExplanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year Net profit decreases in general due to:

A) Higher Financial charges mainly in Pharmaceuticals and Specialty chemicals sectors.

B) Lower other income mainly in Pharmaceuticals sector.

C) Lower gross profits in Pharmaceuticals and Power and Steel sectors.

D) Lower sales.

While noting that there was a decrease in G&A and S&M expenses. Reason for increase (decrease) in net profit for current quarter compared to the previous quarter Net profit increases in general due to:

Higher sales in following sectors:

1) Pharmaceuticals sector

2) Power and Steel sector

While noting that there was increase in financial charges Type of the external auditor's opinion Unmodified opinion External auditor's report containing reservation The external auditors have reviewed the interim consolidated financial statement and their conclusion is unmodified Reclassifications in quarter financial result 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 is SR1,063,176,800/- compared to SR1,124,891,640/- at the end of the similar period last year with a decrease of 5 %.

2. The company has adopted IFRS 16 for Leases from the initial application date of January 1st, 2019, with recognition of Right-of-use assets (SR51M), Lease liability (SR49M) and decrease in Prepayments (SR2M). Please refer to note 4 in the interim condensed consolidated financial statements.

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.