United Wire Factories Co. announces its Annual Estimated Financial Results for the Period Ending on 2022-12-31 - United Wire Factories Company

Element List	Current Year	Previous Year	%Change
Sales/Revenue	1,026.4	921.3	11.41
Gross Profit (Loss)	107.3	85.2	25.94
Operational Profit (Loss)	67.8	56.4	20.21
Net Profit (Loss) after Zakat and Tax	57.3	46.2	24.02
Total Comprehensive Income	57.8	46.4	24.57
Total Share Holders Equity (after Deducting Minority Equity)	449.5	442.6	1.56
Profit (Loss) per Share	1.63	1.32
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The increase in net profit for the current year (2022 AD ) compared to the previous year ( 2021 AD ) is mainly due to growth in sales volume and increase in profit margins .
Statement of the type of external auditor’s report	Unmodified opinion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	No Remarks
Reclassification of Comparison Items	Some of the same period comparative figures were reclassified to comply with the current period comparative figures
Additional Information	No Remarks

Related Posts

United Wire Factories Co. announces the distribution of cash dividend for For the first half of the year 2021 AD

Element ListExplanation Introduction United Wire Factories Company (Aslak) announces the decision of the Board of Directors... read more

United Wire Factories Company announces the latest developments regarding its previous announcement of signing a memorandum of understanding with A-1 Fence DMCC (UAE) to acquire a share in the ownership of A-1 FENCE Arabian Industrial Company, which is wholly owned by A-1 FENCE DMCC (UAE)

Element List Explanation Introduction Further to the announcement of the United Wire Factories Company (the “Company”) on March 8, 2023, regarding... read more

United Wire Factories Co. announces the formation of the Audit Committee

Element ListExplanationIntroduction United Wire Factories Co. (Aslak) announces the decision of the Board of Directors to form the Audit... read more

ASLAK’s CEO Interview with CNBC Arabia regrading the process of reducing the company’s capital

https://unitedwires.com.sa/wp-content/uploads/2023/08/CNBC03082023.mp4 read more

Stable raw material prices lifted Q4 results; higher demand seen post-Ramadan: Aslak CEO

The fourth quarter of 2023 witnessed stable raw material prices, which eased the pressure on sales margins and thus improved... read more

United Wire Factories Co. announces its Estimated Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 208.3217.7-4.32298.8-30.29 Gross Profit (Loss) 29.121.237.2638-23.42 Operational Profit (Loss)... read more

United Wire Factories Co. Announces Appointment of a Financial Advisor for Capital Decrease

Element ListExplanationIntroduction Further to the company's announcement published on the Tadawul website on 04/09/1444 corresponding to 11/03/2022 regarding the... read more

Aslak CEO: Al-Raeda acquisition to boost revenue, expand reach

United Wire Factories Co.'s (Aslak) memorandum of understanding (MoU) for the potential acquisition of a stake in Al-Raeda Industrial Investment... read more

United Wire Factories Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)

Element ListExplanation Introduction United Wire Factories Co. Board of Directors is pleased to announce the results... read more

The United Wire Factories Co. announces the latest developments regarding its previous announcement of signing a memorandum of understanding with A-1 Fence DMCC (UAE)

Element ListExplanation Introduction Further to the announcement of the United Wire Factories Co. (the “Company”) that... read more