Astra Industrial Group reported a net profit of SAR 237.6 million in H1 2023, a decline of SAR 25.2% from SAR 317.8 million in the year-earlier period, as H1 2022 included gains from discontinued operations.
| Item | 6m 2022 | 6m 2023 | Change |
|---|---|---|---|
| Revenues | 1,243.06 | 1,415.30 | 13.9 % |
| Gross Income | 499.64 | 589.95 | 18.1 % |
| Operating Income | 186.71 | 262.70 | 40.7 % |
| Net Income | 317.79 | 237.63 | (25.2 %) |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | 3.97 | 2.97 | (25.2 %) |
Q2 2023 net profit dropped 52.8% year-on-year (YoY) to SAR 114.7 million, as Q2 2022 included gains from discontinued operations and some of the company segments reported higher general and administrative expenses (G&As).
| Item | Q2 2022 | Q2 2023 | Change |
|---|---|---|---|
| Revenues | 608.54 | 667.02 | 9.6 % |
| Gross Income | 225.76 | 277.97 | 23.1 % |
| Operating Income | 91.40 | 123.91 | 35.6 % |
| Net Income | 243.10 | 104.48 | (57.0 %) |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | 3.04 | 1.31 | (57.0 %) |
| Item | Q1 2023 | Q2 2023 | Change |
|---|---|---|---|
| Revenues | 748.28 | 667.02 | (10.9 %) |
| Gross Income | 311.97 | 277.97 | (10.9 %) |
| Operating Income | 138.78 | 123.91 | (10.7 %) |
| Net Income | 133.15 | 104.48 | (21.5 %) |
| Average Shares | 80.00 | 80.00 | - |
| EPS (Riyals) | 1.66 | 1.31 | (21.5 %) |
On a sequential basis, net earnings fell 6.6% from SAR 122.88 million.
Shareholders’ equity, no minority equity, reached SAR 1.88 billion as of June 30, 2023, compared to SAR 1.64 billion prior year.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}