Riyadh – Astra Industrial Group logged net profits after Zakat and tax worth SAR 474.31 million in 2022, an annual hike of 134.38% from SAR 202.36 million.
The company’s revenues grew by 11.33% to SAR 2.59 billion as of 31 December 2022 from SAR 2.33 billion in 2021, according to the financial results.
Earnings per share (EPS) reached SAR 5.93 during the January-December 2022 period, compared to SAR 2.53 a year earlier.
The board members suggested, on 15 March, cash dividends worth SAR 200 million for 2022.
Astra Industrial would disburse SAR 2.50 per share, equivalent to 25% of the share nominal value, for 80 million eligible shares.
Meanwhile, the distribution date for the dividends will be announced at a later time after obtaining the approval of the general assembly.
In the first nine months (9M) of 2022, the Saudi group generated SAR 388.65 million in net profit after Zakat and tax, a 158.10% year-on-year (YoY) jump from SAR 150.57 million.
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