Uncategorized Archives - Page 2 of 3 - Astra Industrial Group

Astra Industrial Group Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )

June 13, 2023
No Comments

Element List	Explanation
Introduction	The Board of Directors of Astra Industrial Group, is pleased to announce the results of the Ordinary General Assembly Meeting, which was held by using modern technology on 28 May 2023 at 07:00 p.m. After reaching the quorum of 63.97%
City and Location of the General Assembly’s Meeting	By means of modern technology – AIG Headquarter – Riyadh
Date of the General Assembly’s Meeting	2023-05-28 Corresponding to 1444-11-08
Time of the General Assembly’s Meeting	19:00
Percentage of Attending Shareholders	63.97
Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees	Names of the Board Members present at the General Assembly meeting: 1) Mr. Sabih Masri – CHAIRMAN 2) Mr. Khaled Masri – Deputy Chairman 3) Mr. Mohammad Al Utaibi 4) Mr. Kamil Sadeddin 5) Mr. Ali AlSubaihin 6) Mr. Abdulkarim Al-Nafi 7) Mr. Ghassan Akeel 8) Mr. Farraj Abuthenain 9) Mr. Khaled Al Mana
Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf	Names of the Chairmen of the Committees present at the General Assembly: 1) Mr. Abdulkarim Al-Nafi – Chairman of the Audit Committee. 2) Mr. Ali AlSubaihin – Chairman of the Nomination and Remuneration Committee. 3) Mr. Khaled Masri – Chairman of the Performance and Investment Committee.
Voting Results on the Items of the General Assembly’s Meeting Agenda’s	Attached
Attached Documents	12915_371_2023-05-28_21-22-54_en

Astra Industrial Group announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting

May 3, 2023
No Comments

ent List	Explanation
Introduction	The Board of Directors of Astra Industrial Group is pleased to invite the shareholders to participate and vote in the Extraordinary General Assembly (First Meeting) which will be held on Sunday 28/05/2023 corresponding 08/11/1444 H at 19:00PM via modern technology means using Tadawulaty System.
City and Location of the General Assembly’s Meeting	By means of modern technology – AIG Headquarter – Riyadh
URL for the Meeting Location	https://www.tadawulaty.com.sa
Date of the General Assembly’s Meeting	2023-05-28 Corresponding to 1444-11-08
Time of the General Assembly’s Meeting	19:00
Attendance Eligibility	Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations
Quorum for Convening the General Assembly’s Meeting	The Meeting of the Ordinary General Assembly shall be valid only in the presence of shareholders representing half of the company’s capital. In the event that this quorum is not available in the first meeting, the second meeting will be held an hour after the end of the period specified for the first meeting, and the second meeting will be valid regardless of the number of shares represented therein.
General Assembly Meeting Agenda	Attached
Proxy Form
E-Vote	The shareholders who are registered in Tadawulaty Services can remotely vote on the Items of the Extraordinary General Assembly starting from 01:00 AM on Wednesday 24/05/2023G corresponding 04/11/1444 H and continue until the end of the Extraordinary General Assembly Meeting’s time, noting that registration and voting via Tadawulaty Services will be available and free of charge through the following link: www.tadawulaty.com.sa
Eligibility for Attendance Registration and Voting	Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes
Method of Communication	For inquiries, please contact the Investors relations department on +966114752002 ext. 139, also you can direct your inquiries to the email of the investor relations department on: Khaled.albalawi@aig.sa
Attached Documents	Attached

Astra Industrial Group announces its Annual Financial Results for the Period Ending on 2022-12-31

March 30, 2023
No Comments

Element List	Current Year	Previous Year	%Change
Sales/Revenue	2,594,148,494	2,330,204,128	11.33
Gross Profit (Loss)	1,040,052,426	894,526,085	16.27
Operational Profit (Loss)	395,640,908	326,291,102	21.25
Net Profit (Loss) after Zakat and Tax	474,316,220	202,368,832	134.38
Total Comprehensive Income	517,745,586	185,794,439	178.66
Total Share Holders Equity (after Deducting Minority Equity)	1,849,376,401	1,451,641,002	27.4
Profit (Loss) per Share	5.93	2.53
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. Gain from discontinued operation.2. Increase in sales and gross profit in the following sectors:a) Pharmaceuticals.b) Specialty chemical.c) Steel industries.3. Decrease in foreign exchange and hyperinflation in the following sectors:a) Pharmaceuticals.b) Specialty chemical.4. Decrease in provision for impairment of financial assets in the following sectors:a) Specialty chemical.b) Steel industries.c) Other.While noting that there is increase in general and administrative expenses and selling and distribution expenses in all sectors.
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 SR 1,913,185,390/- compared to SR 1,504,091,847 /- at the end of the similar period last year with an increase of 27%.2. With the completion of the sale of Al Anmaa during the period, the financial results and statements of Al Tanmiya were accounted for in accordance with IFRS requirements. Please refer to Note 33 of the consolidated financial statements for further details.

Astra Industrial Group announces its Interim Financial Results for the Period Ending on 2022-09-30 ( Nine Months )

November 21, 2022
No Comments

ELEMENT LIST	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	%CHANGE	PREVIOUS QUARTER	% CHANGE
Sales/Revenue	622,067,121	611,990,489	1.65	608,544,428	2.22
Gross Profit (Loss)	219,942,168	243,176,125	-9.55	225,761,071	-2.58
Operational Profit (Loss)	76,510,835	71,849,086	6.49	91,400,602	-16.29
Net Profit (Loss) after Zakat and Tax	70,865,145	45,373,403	56.18	243,096,412	-70.85
Total Comprehensive Income	70,989,680	43,208,880	64.29	238,228,033	-70.2
All figures are in (Actual) Saudi Arabia, Riyals

ELEMENT LIST	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	%CHANGE
Sales/Revenue	1,865,130,534	1,739,623,541	7.21
Gross Profit (Loss)	719,580,291	706,557,987	1.84
Operational Profit (Loss)	263,217,470	260,075,244	1.21
Net Profit (Loss) after Zakat and Tax	388,651,783	150,579,006	158.1
Total Comprehensive Income	383,941,378	129,734,673	195.94
Total Share Holders Equity (after Deducting Minority Equity)	1,715,582,380	1,395,581,237	22.93
Profit (Loss) per Share	4.86	1.88
All figures are in (Actual) Saudi Arabia, Riyals

ELEMENT LIST	EXPLANATION
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Net profit increases in general due to:1. Decrease in selling and distribution expenses in the Pharmaceuticals sector2. Decrease in general and administrative expenses in the following sectors:a) Pharmaceuticalsb) Other3. Increase in other income in the following sectors:c) Pharmaceuticalsd) Other4. Decrease in loss from discontinued operationWhile noting that there is decrease in gross profit in the Pharmaceuticals sector.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is	Net profit decrease in general due to:1. Previous quarter included gain from discontinued operation2. Decrease in gross profit in the following sectors:a) Specialty chemicalb) PharmaceuticalsGross profit decrease was partially offset by increase in gross profit in power and steel sector.3. Increase in general and administrative expenses in the following sectors:a) Specialty chemicalb) Pharmaceuticals4. Increase in provision for impairment of financial assets expense in the following sectors:a) Pharmaceuticalsb) Power and steelWhile noting that there is increase in other income in Pharmaceuticals and Other sector.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	Net profit increases in general due to:1. Gain from discontinued operation2. Decrease in other expenses in pharmaceuticals sector.3. Increase in sales and gross profit in the following sectors:a) Specialty chemicalb) Pharmaceuticals4. Decrease in provision for impairment of financial assets in all sectors.While noting that there is increase in selling and distribution expenses and general and administrative expenses in pharmaceuticals sector.
Statement of the type of external auditor’s report	Unmodified conclusion
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 SR 1,714,921,175 /- compared to SR 1,448,185,342 /- at the end of the similar period last year with an increase of 18%.2. With the completion of the sale of Al Anmaa during the nine month period, the financial results and statements of Al Tanmiya were accounted for in accordance with IFRS requirements. Please refer to Note 13 of the condensed interim consolidated financial statements for further details.

Astra Industrial Group announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

August 16, 2022
No Comments

ELEMENT LIST	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	%CHANGE	PREVIOUS QUARTER	% CHANGE
Sales/Revenue	608,544,428	533,087,193	14.15	634,518,985	-4.09
Gross Profit (Loss)	225,761,071	205,369,678	9.93	273,877,052	-17.57
Operational Profit (Loss)	91,400,602	71,019,085	28.7	95,306,033	-4.1
Net Profit (Loss) after Zakat and Tax	243,096,412	54,599,836	345.23	74,690,225	225.47
Total Comprehensive Income	238,228,033	48,500,974	391.18	74,723,664	218.81
All figures are in (Actual) Saudi Arabia, Riyals

ELEMENT LIST	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	%CHANGE
Sales/Revenue	1,243,063,413	1,127,633,052	10.24
Gross Profit (Loss)	499,638,123	463,381,862	7.82
Operational Profit (Loss)	186,706,635	188,226,158	-0.81
Net Profit (Loss) after Zakat and Tax	317,786,637	105,205,604	202.06
Total Comprehensive Income	312,951,697	86,525,793	261.69
Total Share Holders Equity (after Deducting Minority Equity)	1,644,592,701	1,352,372,354	21.61
Profit (Loss) per Share	3.97	1.32
All figures are in (Actual) Saudi Arabia, Riyals

ELEMENT LIST	EXPLANATION
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Net profit increases in general due to:1. Gain from discontinued operation2. Increase in sales and gross profit in the following sectors:a) Pharmaceuticalsb) Specialty chemical
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is	Net profit increases in general due to:1. Gain from discontinued operation2. Decrease in selling and distribution expenses in pharmaceuticals sector.3. Decrease in general and administrative expenses in the following sectors:a) Pharmaceuticalsb) Specialty chemicalc) OtherWhile noting that there is decrease in gross profit in the following sectors:a) Pharmaceuticalsb) Specialty chemicalc) Power and steel
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	Net profit increases in general due to:1. Gain from discontinued operation2. Increase in sales and gross profit in the following sectors:a) Pharmaceuticalsb) Specialty chemical3. Decrease in other expenses in pharmaceuticals sector.4. Decrease in provision for impairment of financial assets in all sectors.While noting that there is increase in selling and distribution expenses and general and administrative expenses in all sectors.
Statement of the type of external auditor’s report	Unmodified conclusion
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 SR1,644,232,915/- compared to SR1,407,057,157/- at the end of the similar period last year with an increase of 17%.2. With the completion of the sale of Al Anmaa during the period, the financial results and statements of Al Tanmiya were accounted for in accordance with IFRS requirements. Please refer to Note 13 of the condensed interim consolidated financial statements for further details.

Astra Industrial Group Announces an update on Astra Industrial Group (Astra) announces an update on its announcement that one of its subsidiaries, Al Tanmiya for Steel Industries (Al Tanmiya), signed a conditional agreement for exiting its investment in Alanmaa For Construction Materials Production Ltd. (Alanmaa)

August 11, 2022
No Comments

ELEMENT LIST	EXPLANATION
Introduction	With reference to Astra Industrial Group announcement on 08/02/2022 G ) corresponding to 07/07/1443 H) and further update on 25/04/2022 G ) corresponding to 24/09/1443 H) related to one of its subsidiaries, Al Tanmiya For Steel Industries (Al Tanmiya) owned 65% by the group, has signed a conditional agreement on 07/02/2022 G (corresponding to 06/07/1443 H) with Al-Ghad Al-Mutakamel Company for General Trading, Iron, Steel and Metal Industries for exiting its investment in Alanmaa Company for General Construction Materials Industry Limited (Alanmaa Company), which owns steel and power plants in Iraq, we would like to announce that the company has finalized the accounting treatment with various auditors and reached an estimate on the gain as a result of this transaction.
Previous Announcement	Astra Industrial Group (Astra) announces an update on its announcement that one of its subsidiaries, Al Tanmiya for Steel Industries (Al Tanmiya), signed a conditional agreement for exiting its investment in Alanmaa For Construction Materials Production Ltd. (Alanmaa)
Date of Previous Announcement on Tadawul’s Website	2022-04-25 Corresponding to 1443-09-24
Percentage of fulfilled achievement	In compliance with IFRS standards, Astra Industrial Group and its subsidiary, Tanmiah, had to accrue estimated tax liability and expenses that will be imposed on the sale of Alanmaa.As the Group has completed the estimation of these expenses and tax liabilities and has cleared accounting treatment with the auditors of Astra Industrial Group and Tanmiya, we would like to announce to the public that the results of second quarter will include consolidated gain of SR182.9M from the sale of Alanmaa of which the group share is SR170.2M as per international financial reporting standards and reporting requirements in the related countries.For future update or progress on the process completion of discontinued operation accounting treatment and best estimates of transaction expenses, please refer to the subsequent quarterly and yearly group financial statements
Event’s Expected Completion Date	04/08/2022
Reasons for Exceeding the Announced End Date	N/A
The costs associated with the event, and if they have changed or not with indication of the reasons.	N/A
Impact of the Delay on the Company’s Financial Results	N/A

Astra Industrial Group announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )

May 18, 2022
No Comments

ELEMENT LIST	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	%CHANGE	PREVIOUS QUARTER	% CHANGE
Sales/Revenue	634,518,985	594,545,859	6.723	599,288,357	5.878
Gross Profit (Loss)	273,877,052	258,012,184	6.148	227,201,380	20.543
Operational Profit (Loss)	95,306,033	117,207,073	-18.685	101,902,955	-6.473
Net Profit (Loss) after Zakat and Tax	74,690,225	50,605,768	47.592	51,789,825	44.217
Total Comprehensive Income	74,723,664	38,024,819	96.512	56,059,766	33.292
All figures are in (Actual) Saudi Arabia, Riyals

ELEMENT LIST	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	%CHANGE
Total Share Holders Equity (after Deducting Minority Equity)	1,526,364,666	1,363,871,382	11.914
Profit (Loss) per Share	0.93	0.63
All figures are in (Actual) Saudi Arabia, Riyals

ELEMENT LIST	EXPLANATION
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Net profit increases in general due to:1. Increase in sales in the following sectors:a. Pharmaceuticalsb. Specialty chemical2. Decrease in other expenses in pharmaceuticals sector.3. Decrease in provision for impairment of financial assets in pharmaceuticals sector.While noting that there is increase in selling and distribution expenses and general and administrative expenses in pharmaceuticals sector.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	Net profit increases in general due to:1. Increase in sales and gross profit in the following sectors:a. Pharmaceuticalsb. Specialty chemical2. Decrease in other expenses in pharmaceuticals sector.While noting that there is increase in selling and distribution expenses in pharmaceuticals sector and increase in provision for impairment of financial assets in pharmaceuticals and specialty chemical sectors.
Statement of the type of external auditor’s report	Unmodified conclusion
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 SR1,579,544,902/- compared to SR1,421,009,316/- at the end of the similar period last year with an increase of 11%.2. With the completion of the sale of Al Anmaa subsequent to 31st March 2022, the financial results and statements of Al Tanmiya were accounted for in accordance with IFRS requirements. Please refer to Note 13 of the condensed consolidated interim financial statements for further details.

Astra Industrial Group announces to Invites its Shareholders to Attend the ( First Meeting ) Extraordinary General Assembly Meeting

April 7, 2022
No Comments

ELEMENT LIST	EXPLANATION
Introduction	The Board of Directors of Astra Industrial Group is pleased to invite the shareholders to participate and vote in the Extraordinary General Assembly (First Meeting) which will be held on Thursday 21/04/2022 at 9:00PM via modern technology means using Tadawulaty System.
City and Location of the General Assembly’s Meeting	By means of modern technology – AIG Headquarter – Riyadh
URL for the Meeting Location	https://www.tadawulaty.com.sa
Date of the General Assembly’s Meeting	2022-04-21 Corresponding to 1443-09-20
Time of the General Assembly’s Meeting	21:00
Attendance Eligibility	Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations
Quorum for Convening the General Assembly’s Meeting	The Meeting of the Extraordinary General Assembly shall be valid only in the presence of shareholders representing half of the company’s capital. In the event that this quorum is not available in the first meeting, the second meeting will be held an hour after the end of the period specified for the first meeting, and the second meeting will be valid if attended by a number of shareholders representing at least a quarter of company’s capital.
General Assembly Meeting Agenda	Attached
Proxy Form
E-Vote	The shareholders who are registered in Tadawulaty Services can remotely vote on the Items of the Extraordinary General Assembly starting from 10:00 AM on Monday 18/04/2022G and continue until the end of the Extraordinary General Assembly Meeting’s time, noting that registration and voting via Tadawulaty Services will be available and free of charge through the following link: www.tadawulaty.com.sa
Eligibility for Attendance Registration and Voting	Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes
Method of Communication	For inquiries, please contact the Investors relations department on +966114752002 ext. 139, also you can direct your inquiries to the email of the investor relations department on: Khaled.albalawi@aig.sa
Attached Documents

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.

Astra Industrial Group Announces Calling Candidature for Board Members Elections

December 19, 2021
No Comments

ELEMENT LIST	EXPLANATION
Introduction	Astra Industrial Group announces the opening of the nomination for the membership of the Board of Directors of the company for the upcoming term starting from 22-04-2022 for a period of three years ending on 21-04-2025, in accordance with prevailing guidelines stipulated in the Companies Act issued by the Ministry of Commerce, the “Corporate Governance Regulations” issued by the Capital Market Authority, and the approved company policy for nominations (attached). The elections will take place during an upcoming General Assembly meeting, which will be announced later after securing the necessary approvals from the respective authorities.
Type of Assembly	New Session
Assembly Start Date	2022-04-22 Corresponding to 1443-09-21
Assembly End Date	2025-04-21 Corresponding to 1446-10-23
Number of members	9
Application Start Date	2021-12-09 Corresponding to 1443-05-05
Application End Date	2022-01-31 Corresponding to 1443-06-28
Applications Submission Method	The candidate shall submit his nomination papers and documents to the attention of the Secretary of the Nomination and Remuneration Committee, through one of the following methods:1- By registered mail:Astra Industrial Group CompanyPO Box: 1560 Riyadh 11441 – Kingdom Saudi Arabia2- The national address (wasel):8128 Salah Al-Din Al-Ayyubi Road – King Abdul Aziz Unit No. 1 – Zip Code 12233 Additional Number 4322 Riyadh, Kingdom of Saudi Arabia3- Hand it over at the company’s head office during the company’s official working hours from 8:30 am to 5:30 pm.4- send by e-mail to (Khaled.albalawi@aig.sa).For more details, you may communicate through:Khaled.albalawi@aig.sa
Application Requirements	The candidate must fulfill all the conditions of nomination for the Board of Directors membership in accordance with the relevant laws and regulations, and the charter of the Standards and Procedures for the Membership of the Board of Directors approved by the General Assembly of the company (attached) which includes the following:1. Each shareholder shall have the right to nominate himself/ herself or other person(s) for membership to the Board of directors, to the extent of his shareholding in the capital.2. Submitting application form signed by the applicant (attached) along with Id/passport copy for individuals and CR for companies.3. The candidate’s resume, explaining his bio data, qualifications, and experience.4. Submit a signed copy of form No. (3) issued by the Capital Markets Authority for Board membership candidacy in the Board of Directors of a joint stock company listed on the Saudi Stock Exchange (Tadawul) after filling it out (Attached).5. Submit a signed copy of form No. (1) Curriculum vitae after filling it out in both Arabic and English (Attached).6. The candidate who has previously served as a member of the board of directors of one of other joint-stock companies must submit a statement showing the number and date of the boards of directors of the companies to which he is currently or formerly a member.7. The nominee shall not be a member of the Boards of Directors of more than five listed joint stock companies at the same time.8. A person who desires to nominate himself/herself for the membership of the Board shall disclose to the Board or the General Assembly any cases of conflicts of interest, including:a. Having direct or indirect interest in the contracts and businesses entered into for the benefit of the Company in which he/she desires to be nominated to the Board.b. Engaging in business that may compete with the Company or any of its activities.9) If the candidate has filled before membership of the board of directors of the company, he shall enclose with the nomination notice a statement from the company management about the last session in which he was a board member, including the following information:a) The number of board of directors’ meetings held during each of the session years, and the number of the meetings which he attended in person and the percentage of attending all of the meetings.b) Names of the permanent committees in which the member participated and number of meetings that each committee held during each of the session years, and the number of meetings he attended personally, and ratio of his attendance in all meetings.c) Summary of the financial results achieved by the company during each of the session years.The Nomination and Remunerations Committee will review the nomination requests submitted to it. Noting that incomplete applications will not be considered and voting in the General Assembly shall be confined to the Board nominees who nominate himself/herself in accordance with the Policies, Standards and procedures for Board Membership, and the provisions contained in this announcement.
Candidate Conditions	POLICY, STANDARDS AND PROCEDURES FOR MEMBERSHIP IN THE BOARD OF DIRECTORS
Attached Documents	Form No. 1 Resume Form No.2 For the new term from 22/04/2022 to 21/04/2025 Form No.3

The Capital Market Authority and the Saudi Stock 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.

Astra Industrial Group announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

May 23, 2021
No Comments

ELEMENT LIST	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	%CHANGE	PREVIOUS QUARTER	% CHANGE
Sales/Revenue	599,285,124	509,509,672	17.619	663,020,883	-9.612
Gross Profit (Loss)	249,390,235	207,166,404	20.381	250,319,375	-0.371
Operational Profit (Loss)	107,426,446	63,047,481	70.389	76,562,987	40.311
Net Profit (Loss) after Zakat and Tax	50,605,768	34,093,603	48.431	37,923,095	33.443
Total Comprehensive Income	38,024,819	23,640,777	60.844	47,116,591	-19.296
All figures are in (Actual) Saudi Arabia, Riyals

ELEMENT LIST	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	%CHANGE
Total Share Holders Equity (after Deducting Minority Equity)	1,363,871,382	1,238,922,186	10.085
Profit (Loss) per Share	0.63	0.43
All figures are in (Actual) Saudi Arabia, Riyals

ELEMENT LIST	EXPLANATION
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Net profit increases in general due to:1. Increase in sales in the following sectors:a. Specialty chemical sectorb. Power and steel sector2. Decrease in Selling and Distribution expenses in the following sectors:a. Pharmaceuticals sectorb. Power and steel sectorWhile noting that there is increase in other expenses and provision for impairment of financial assets expense.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	Net profit increases in general due to:1. Decrease in Selling and Distribution expenses in Pharmaceuticals sector2. Decrease in provision for impairment for financial assets expense in the following sectors:a. Pharmaceuticals sectorb. Power and steel sector3. Decrease in Zakat and Income tax expenses in Pharmaceuticals sectorWhile noting that there is increase in other expenses.
Statement of the type of external auditor’s report	Unmodified conclusion
Reclassification of Comparison Items	No comparative figures for the previous period have been reclassified
Additional Information	1. Net Shareholders’ Equity at the end of the period was SR1,421,009,316 /- compared to SR1,223,695,759/- at the end of the similar period last year with an increase of 16%.