United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months ) - United Wire Factories Company

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	227.2	298.8	-23.96	255.2	-10.97
Gross Profit (Loss)	16.4	38	-56.84	24.6	-33.33
Operational Profit (Loss)	6	28.6	-79.02	14.4	-58.33
Net Profit (Loss) after Zakat and Tax	4.5	26	-82.69	11.4	-60.53
Total Comprehensive Income	4.5	26	-82.69	11.4	-60.53
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	454.1	452.9	0.26
Profit (Loss) per Share	0.13	0.74
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	“The reason for the decrease in net profit for the current quarter compared to the same quarter of the previous year is due to the decrease in sales volume and decrease in profit margins
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is	The reason for the decrease in the net profit for the current quarter (first 2023) compared to the previous quarter of the previous year (fourth 2022) is due to the decrease in sales and decrease in profit margins.
Statement of the type of external auditor’s report	Unmodified conclusion
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

Related Posts

United Wire Factories Co. Announces to its Shareholders the Starting Date of the Electronic Voting on the Agenda of the Ordinary General Assembly Meeting (First Meeting)

Element ListExplanationAnnouncement Detail Reference to the announcement of United Wire Factories Co. (Aslak) on the Saudi Exchange (Tadawul)... read more

A corrective announcement from the United Wire Factories Company regarding its announcement of the start date of electronic voting on the items of the Extraordinary General Assembly Meeting (Sixteenth) that include reducing the company’s capital (first meeting) through modern technology

Element ListExplanation Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website 2023-07-27... read more

United Wire Factories Co. Announces to its Shareholders the Starting Date of the Electronic Voting on the Agenda of the Ordinary General Assembly Meeting (first meeting and the second Meeting after one hour from the first meeting)

Element ListExplanationAnnouncement Detail With reference to the announcement by United Wire Factories Company (ASLAK) on the Saudi Exchange... read more

The CEO of the Saudi Wire Union, Nabil Al-Amir, told CNBC Arabia: The increase in profits for the first half of 2022 is due to the growth in sales volumes and high profit margins

https://www.cnbcarabia.com/videos_pickup/aslak_video.mp4 In an interview with CNBC Arabia, CEO of the Saudi Wire Union, Nabil Al-Amir, indicated that the reasons behind the... read more

United Wire Factories Co. Announces Board’s Recommendation to Decrease the Company’s Capital

ELEMENT LIST EXPLANATION Date of Board Meeting 2020-01-13 Corresponding to 1441-05-18 Capital before decrease No English translation, kindly refer to the Arabic version Capital after decrease No... read more

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

Element List Explanation Introduction United Wire Factories Co. Board of Directors is pleased to announce the results of the Ordinary General... read more

The Capital Market Authority Approves United Wire Factories Company’s Request to Reduce its Capital

The CMA has issued its resolution approving United Wire Factories Company's request to reduce its capital from SAR (438,750,000) to... read more

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

Element ListCurrent YearPrevious Year%ChangeSales/Revenue 1,026.4921.311.41 Gross Profit (Loss) 107.385.625.35 Operational Profit (Loss) 67.256.419.15 Net Profit (Loss)... read more

United Wire Factories Co. announces the board of director’s decision to distribute cash dividends for From the profit balance up to the end of the 4th quarter of 2024 and the nine-month period of 2025

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

United Wire Factories Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (First Meeting)

Element List Explanation Introduction The Board of Directors of United Wire Factories Company is pleased to invite its shareholders to participate... read more