Stock Analysis
- Saudi Arabia
- /
- Industrials
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- SASE:1212
Astra Industrial Group First Quarter 2024 Earnings: EPS: ر.س1.87 (vs ر.س1.54 in 1Q 2023)
Astra Industrial Group (TADAWUL:1212) First Quarter 2024 Results
Key Financial Results
- Revenue: ر.س842.9m (up 13% from 1Q 2023).
- Net income: ر.س149.7m (up 22% from 1Q 2023).
- Profit margin: 18% (up from 16% in 1Q 2023). The increase in margin was driven by higher revenue.
- EPS: ر.س1.87 (up from ر.س1.54 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Astra Industrial Group Earnings Insights
Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Industrials industry in Asia.
Performance of the market in Saudi Arabia.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Astra Industrial Group's balance sheet.
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Find out whether Astra Industrial Group is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About SASE:1212
Astra Industrial Group
Through its subsidiaries, engages in the pharmaceuticals, specialty chemicals, power, steel, and mining businesses worldwide.
Flawless balance sheet with solid track record.