Astra Industrial Group — Earnings Release 2017

Mar 28, 2018

Astra Industrial Group announces the annual financial results for the period ending on 31-12-2017

1212 · 28/03/2018 16:21:12 · Announcement #49933 · View on Saudi Exchange

Astra Industrial Group announces the annual financial results for the period ending on 31-12-2017

Element	Current year	Previous year	% Change
Net profit (loss)	58,194,971	-93,942,653	-
Earning or loss per share, Riyals	0.73	-1.17	-
Gross profit (loss)	780,468,518	780,362,745	0.01
Operational profit (loss)	126,200,401	149,973,385	-15.85

*All figures are in Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of annual financial results	Net profit compared to net loss due to: A) Increase in other income and decrease in other expenses mainly from Pharmaceuticals sector.B) Lower zakat expense in all sectors.While noting higher Selling and Marketing expenses during 2017 mainly in pharmaceutical sector.
Reclassifications in annual financial results	AIG has adopted the International Financial Reporting Standards (IFRS) effective January 1, 2017. Accordingly, some changes in the Group's financial statements have been made in a number of items in the measurement, recognition, presentation and disclosure method for the current and comparative periods in line with the accounting policies adopted in accordance with IFRS and other standards endorsed by the Saudi Organization for Certified Public Accountants.
Other notes	1) Revenues of the current period is SR 1,795,665,295 compared to similar period last year SR 1,741,512,959 with an increase of 3 %2) Total comprehensive income attributable to equity holders of parent for the period amounted to SR 45,453,356 compared to a comprehensive loss of SR 218,312,774 for the similar period last year.3) Equity attributable to equity holders of parent (Excluding non-controlling interest) at the end of the period is SR 1,232,340,931 compared to SR 1,234,029,549 at the end of the similar period last year with a decrease of 0.14%.4) Total Equity at the end of the period is SR 1,227,324,684 compared to SR 1,259,114,660 at the end of the similar period last year with a decrease of 3%.

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.