The financial statements of Astra Industrial Company showed that the company's profits in the first quarter of this year increased by 282.8% on an annual basis.
According to the results of the company for the Saudi market (Tadawul) today, Sunday, the profits for the period amounted to 34.09 million riyals, compared to the profits for the first quarter of last year amounting to 8.91 million riyals. p>
The company said in a statement to the stock exchange that the increase in profits during the comparison periods is due to the positive impact of the increase in sales in the pharmaceutical and specialty chemicals sectors.
The company also attributed the improved results to the positive impact of lower financing expenses in all sectors, and a non-recurring decrease in the provision for the value of financial assets in the energy and iron sector.
She pointed to the negative impact due to the increase in other expenses, which increased in the pharmaceutical and specialty chemicals sectors, in addition to that there was an increase in selling and marketing expenses in all sectors. p>
