Astra Industrial Company achieved 53.5% growth in profits for the second quarter of the current year to reach 24.2 million riyals, compared to 15.7 million riyals in the same quarter of the year The past.
According to Arabiya Net, the company's profits during the 6-month period increased by 136.2% to 58.3 million riyals, compared to 24.6 million riyals in the same period last year. .
The increase in net profit during the current quarter, compared to the same quarter of last year, is mainly due to:
1- Lower selling and marketing expenses in the pharmaceutical sector.
2- Low administrative and general expenses in the pharmaceutical sector.
3- Low funding costs in the specialty chemicals sector.
4- Decrease in zakat and income tax expenditures in the pharmaceutical sector.
noting a decrease in gross profit across all sectors.
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