Astra Industrial Group recorded an increase in profits by 125.4% to reach, after zakat and tax, about 54.6 million riyals in the second quarter of 2021, compared to 24.22 million riyals in the same quarter of 2020.
According to Arabia Net, Astra Industrial's net profit rose on a quarterly basis, by 7.9% in the second quarter of 2021, compared to a net profit of about 50.6 million riyals in the first quarter. From 2021.
The company said in a statement on Saudi Arabia's Tadawul, today, Monday, that the increase in net profit in the second quarter of 2021, on an annual basis, is mainly due to the increase in sales in All sectors, and the rise in other revenues in the pharmaceutical, energy, iron, and specialty chemicals sectors.
And she indicated that there was an increase in selling and marketing expenses in the specialty chemicals sector, and an increase in general and administrative expenses in the pharmaceutical sector and other sectors.
The net profit after zakat and tax in the first half of this year increased by 80.4%, to reach 105.2 million riyals, compared to 58.3 million riyals in the same period of the previous year. 2020.
