• Riyadh, Kingdom of Saudi Arabia

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SOAP DATA

ASTRA INDUSTRIAL

Last Update: 2024-04-25 22:35:00

Share Price

Prev. Close Price: 171.8

Open Price: 171.6

Change: 0.8 (0.47%)

High: 176.8

Low: 171.6

Close: 172.60

Volume Traded: 116699

Performance

Start of Year

132.6

Year Ago

68.3

3 Years Ago

29.45

52 Week

Highest

193.8

Lowest

65.4

Change

152.71

Trade

Last Price

172.6

Last Quantity

500

avg. Size

92

Last Bid

Price

172.4

Quantity

1005




Announcements

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

Element ListCurrent YearPrevious Year%Change
Sales/Revenue2,594,148,4942,330,204,12811.33
Gross Profit (Loss)1,040,052,426894,526,08516.27
Operational Profit (Loss)395,640,908326,291,10221.25
Net Profit (Loss) after Zakat and Tax474,316,220202,368,832134.38
Total Comprehensive Income517,745,586185,794,439178.66
Total Share Holders Equity (after Deducting Minority Equity)1,849,376,4011,451,641,00227.4
Profit (Loss) per Share5.932.53
All figures are in (Actual) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year isNet 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 reportUnmodified opinion
Reclassification of Comparison ItemsCertain comparative figures for the previous period have been reclassified to be consistent with the presentation of the current period.
Additional Information1. 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.
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Astra Industrial Group announces its Interim Financial Results for the Period Ending on 2022-09-30 ( Nine Months )

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER% CHANGE
Sales/Revenue622,067,121611,990,4891.65608,544,4282.22
Gross Profit (Loss)219,942,168243,176,125-9.55225,761,071-2.58
Operational Profit (Loss)76,510,83571,849,0866.4991,400,602-16.29
Net Profit (Loss) after Zakat and Tax70,865,14545,373,40356.18243,096,412-70.85
Total Comprehensive Income70,989,68043,208,88064.29238,228,033-70.2
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE
Sales/Revenue1,865,130,5341,739,623,5417.21
Gross Profit (Loss)719,580,291706,557,9871.84
Operational Profit (Loss)263,217,470260,075,2441.21
Net Profit (Loss) after Zakat and Tax388,651,783150,579,006158.1
Total Comprehensive Income383,941,378129,734,673195.94
Total Share Holders Equity (after Deducting Minority Equity)1,715,582,3801,395,581,23722.93
Profit (Loss) per Share4.861.88
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LISTEXPLANATION
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year isNet 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 isNet 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 isNet 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 reportUnmodified conclusion
Reclassification of Comparison ItemsCertain comparative figures for the previous period have been reclassified to be consistent with the presentation of the current period.
Additional Information1. 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.
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Astra Industrial Group announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER% CHANGE
Sales/Revenue608,544,428533,087,19314.15634,518,985-4.09
Gross Profit (Loss)225,761,071205,369,6789.93273,877,052-17.57
Operational Profit (Loss)91,400,60271,019,08528.795,306,033-4.1
Net Profit (Loss) after Zakat and Tax243,096,41254,599,836345.2374,690,225225.47
Total Comprehensive Income238,228,03348,500,974391.1874,723,664218.81
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE
Sales/Revenue1,243,063,4131,127,633,05210.24
Gross Profit (Loss)499,638,123463,381,8627.82
Operational Profit (Loss)186,706,635188,226,158-0.81
Net Profit (Loss) after Zakat and Tax317,786,637105,205,604202.06
Total Comprehensive Income312,951,69786,525,793261.69
Total Share Holders Equity (after Deducting Minority Equity)1,644,592,7011,352,372,35421.61
Profit (Loss) per Share3.971.32
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LISTEXPLANATION
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year isNet 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 isNet 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 isNet 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 reportUnmodified conclusion
Reclassification of Comparison ItemsCertain comparative figures for the previous period have been reclassified to be consistent with the presentation of the current period.
Additional Information1. 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.
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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)

ELEMENT LISTEXPLANATION
IntroductionWith 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 AnnouncementAstra 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 Website2022-04-25 Corresponding to 1443-09-24
Percentage of fulfilled achievementIn 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 Date04/08/2022
Reasons for Exceeding the Announced End DateN/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 ResultsN/A
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