Astra Industrial Group announces its Annual Financial Results for the Period Ending on 2020-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	2,047,876,104	1,867,111,703	9.681
Gross Profit (Loss)	802,621,379	738,351,312	8.704
Operational Profit (Loss)	212,439,651	196,172,101	8.292
Net Profit (Loss) after Zakat and Tax	115,444,034	29,696,043	288.752
Total Comprehensive Income	116,663,278	157,081,443	-25.73
Total Share Holders Equity (after Deducting Minority Equity)	1,325,846,563	1,215,281,409	9.097
Profit (Loss) per Share	1.44	0.37
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	Net profit increases in general due to:

1. Increase in sales and gross profit in the following sectors:

a. Pharmaceuticals

b. Specialty chemicals

While noting that this increase was offset partially by impairment of financial assets.

2. Lower other expenses since in last year there was: Non-recurring negative impact as a result of the settlement of a subsidiary in Sudan in the pharmaceuticals sector the loan to its parent company in KSA realizing currency losses in the income statement which was partially offset by Non-recurring positive impact in the previous year in other income from fair values remeasurement of the company’s investment and loans to Tanmiya for steel company in accordance with IFRS.

3. Decrease in financial charges in the following sectors:

a. Pharmaceuticals

b. Specialty chemicals

c. Power and Steel

4. Change in accounting for the losses in joint venture due to the consolidation of its financial statements

While noting that there was increase in Zakat expense. Statement of the type of external auditor's report Unmodified opinion 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 SR1,386,861,694/- compared to SR1,203,448,137/- at the end of the similar period last year with an increase of 15%.

2. During the second quarter, Astra Mining (a subsidiary of the Astra Industrial Group) share capital was increased from SAR 5 million to SAR 45.9 million through conversion of shareholders’ loans to share capital. Accordingly, the Group’s shareholding in Astra Mining increased from 60% to 77.3% while the loan balance due to the partner in a subsidiary has decreased close to zero (Please refer to the Note 29 in the Consolidated Financial Statements for the year ended December 31, 2020).

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