Astra Industrial's stock rises by 10 riyals immediately after the release of financial results.

Astra Industrial Group announced in a disclosure to the Saudi stock exchange (Tadawul) on Thursday a net profit increase - after zakat and tax - of 34.809% to 139.41 million riyals during the third quarterly period of this year, compared to profits of 103.41 million riyals achieved by Astra Industrial during the same period last year.

During the first nine months of the year, Astra Industrial achieved net profits of 457.90 million riyals, representing an increase of 34.264% compared to the same period last year, and the earnings per share reached 5.72 riyals, up from 4.26 riyals achieved by Astra Industrial at the same time in 2023.

According to the disclosure, Astra Industrial clarified that the reason for the increase in quarterly net profit was due to the rise in sales and gross profit in the pharmaceuticals and specialty chemicals sectors.

In terms of trading on the Saudi stock exchange today, Astra Industrial's share (TADAWUL: 1212) jumped by 6.38% or by 10 riyals, to be traded at 176.8 riyals.