The data of the Astra Industrial Group recorded an increase in profits by 136.26% to reach, after zakat and tax, 45.37 million riyals during the third quarter of 2021, compared to 19.2 million riyals in the same period of the year 2020.
According to Arabiya Net and on a quarterly basis, the company's profits decreased by 16.8% in the third quarter, compared to profits of 54.59 million riyals in the second quarter of 2021.
The company said in a statement on Tadawul Saudi Arabia, today, Wednesday, that the increase in net profit is mainly due to the increase in sales in the energy, iron and pharmaceutical sectors.
The company indicated an increase in selling and distribution expenses in the pharmaceutical and specialty chemicals sectors.
The company's profits increased in the first nine months of 2021 by 94.2% to 150.57 million riyals, from 77.52 million riyals in the corresponding period of 2020.
The company's sales increased by 262% in the nine-month period to reach 1.748 billion riyals, compared to 1.384 billion riyals in the same period of the previous year.
The total equity at the end of the current period increased by 14% to 1.448 billion riyals at the end of September, compared to 1.274 billion riyals in the same period of the previous year.
