Astra Industrial Group — Earnings Release 2016

Mar 15, 2017

Astra Industrial Group announces the annual financial results for the period ending on 31-12-2016

1212 · 15/03/2017 16:23:39 · Announcement #46006 · View on Saudi Exchange

Astra Industrial Group announces the annual financial results for the period ending on 31-12-2016

Element	Current year	Previous year	% Change
Net profit (loss)	45,210,990	6,712,843	573.5
Earning or loss per share, Riyals	0.57	0.08	-
Gross profit (loss)	661,880,672	585,754,389	13
Operational profit (loss)	12,419,278	2,686,752	362.24

*All figures are in Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of annual financial results	Net profit decrease in general due to: A) Increase in other expenses mainly from currency exchange losses in the following sectors: i) Pharmaceuticals sector ii) Specialty Chemicals sector B) Decrease in operating income mainly due to increase in selling and marketing expenses in all sectors and additional provisions on account receivables C) Lower sales in the following sectors: i) Pharmaceuticals sector ii) Power and Steel sector While noting it has been partially offset by lower losses in Power and Steel sector
Reclassifications in annual financial results	Certain comparative figures for the previous period have been reclassified to be consistent with the presentation of the current period.
Other notes	1- Revenue of the period is SR 1,753,898,773 compared to SR 1,760,092,959 for the similar period last year, a decrease of 0.03% 2- The shareholders equity (before minority interests) at the end of the period is SR 1,495,468,257 compared to SR 1,716,690,277 at the end of the similar period last year, a decrease of 14.8% 3- Audited FY16 vs. Q4 FY16 Reviewed: Some line items of Income statement and Balance sheets have been reclassified for Audited FY16 vs. Q4 FY16 Reviewed based on the audit field work.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.