Riyadh – Mubasher: Astra Industrial Group on Thursday posted a net profit of SAR 18.15 million ($4.84 million) in Q1-16, registering a 56.89% drop from SAR 42.1 million ($11.2 million).
The profit fall is attributed to lower operational profit from the medications sector due to increased selling and marketing expenses as well as a rising in research and development (R&D) and general and administrative expenses, Astra added in its bourse filing.
