Riyadh – Mubasher: The net profit of Astra Industrial Group advanced by 53.5% on a yearly basis during the second quarter (Q2) of 2020 to reach SAR 24.22 million.
This jump was due to a slump in the selling and distribution expenses as well as general and administrative expenses of the group's pharmaceuticals sector, according to a stock exchange filing on Wednesday.
Moreover, financing costs in the speciality chemicals sector and gross profit of all sectors fell.
Revenues amounted to SAR 441.5 million over the three-month period ended 30 June, a decrease of 10.5% when compared to SAR 493.4 million in the year-ago period.
