RIYAD: Astra Industrial Group has announced a net profit of SAR 22.47 million for the year ended December 31, 2018, down 61.4 percent from the profit of SAR 58.19 million in the previous year. The earnings per share (EPS) for 2018 clocked in at SAR 0.28 as against SAR 0.73 in 2017.
Net profit decreases in general due to lower gross profit in power and steel sector as a result of pressure on selling prices and increase in input costs due to slow down in projects; lower other income mainly in pharmaceuticals sectors.
Astra Industrial Group (AIG) is one of the leading industrial conglomerates in the Kingdom of Saudi Arabia. AIG companies are concentrated in the key industrial segments of pharmaceuticals, specialty chemicals, power and steel and mining. [the_ad id=”31605″]