ASG Plastic Reports SAR 10.68M Net Profit in Three Months 2026
ASG 9607.SA | 0.00 |
On 2026-05-12 09:27:51 (Saudi Time), ASG Plastic Factory Co. announced its Interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 56,036,271 | 48,015,059 | 16.705 | 46,020,901 | 21.762 |
| Gross Profit (Loss) | 22,629,316 | 20,031,904 | 12.966 | 16,488,989 | 37.238 |
| Operational Profit (Loss) | 11,493,142 | 9,701,718 | 18.465 | 6,322,563 | 81.779 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 10,680,470 | 9,731,180 | 9.755 | 5,496,050 | 94.329 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 10,680,470 | 9,731,180 | 9.755 | 5,338,141 | 100.078 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 166,045,082 | 155,364,612 | 6.874 |
| Profit (Loss) per Share | 1.51 | 1.38 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales increased 16.70% YoY to SAR 56.04 million, driven by higher sales volumes from growing demand, expanded customer base, increased production capacity following factory expansion, strong Ramadan season demand, and growth in the pipes and fittings segment. Net profit rose 9.755% YoY to SAR 10.68 million, supported by improved subsidiary performance and higher operational efficiency, though partially offset by increased general and administrative expenses related to Main Market transition costs and higher financing costs from Saudi Industrial Development Fund fees.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 21.76% to SAR 56.04 million driven by higher demand during Ramadan season, increased order volumes, expanded customer base, and continued benefits from production capacity expansion. Net profit surged 94.33% to SAR 10.68 million due to improved operational efficiency, cost optimization efforts, and lower selling/marketing expenses as most campaigns were concentrated in the previous quarter. However, general and administrative expenses increased due to non-recurring costs related to the Main Market transition plan and operational automation initiatives.
Other Items
The external auditor issued an unmodified conclusion with no comments mentioned in other matter, conservation, notice, disclaimer of opinion, or adverse opinion paragraphs. The company reports no accumulated losses, with accumulated losses showing zero amount and zero percentage of capital. Total shareholders equity increased 6.874% to SAR 166,045,082 compared to the previous year, while earnings per share improved to SAR 1.51 from SAR 1.38. The company notes that comparative figures for the corresponding quarter of the previous year are based on internal financial statements prepared by management and have not been reviewed or audited by the external auditor.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95307&anCat=1&cs=9607&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.