United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months ) - United Wire Factories Company

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	200.2	208.3	-3.89	227.2	-11.88
Gross Profit (Loss)	17.2	29.1	-40.89	16.4	4.88
Operational Profit (Loss)	7.5	18.9	-60.32	6	25
Net Profit (Loss) after Zakat and Tax	5.5	16.2	-66.05	4.5	22.22
Total Comprehensive Income	5.5	16.2	-66.05	4.5	22.22
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	427.3	507	-15.72
Gross Profit (Loss)	33.7	67.1	-49.78
Operational Profit (Loss)	13.5	47.5	-71.58
Net Profit (Loss) after Zakat and Tax	10	42.2	-76.3
Total Comprehensive Income	10	42.2	-76.3
Total Share Holders Equity (after Deducting Minority Equity)	459.5	469	-2.02
Profit (Loss) per Share	0.28	1.2
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 increase in net profit for the current quarter (second 2023) compared to the previous quarter of the current year (first 2023) to increase in profit margins .
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The reason for the decrease in net profit for the current period compared to the same period of the previous year is due to the decrease in sales volume 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 its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 298.8226.631.862291.32.574 Gross Profit (Loss) 3828.135.23119.594.871 Operational Profit (Loss)... read more

United Wire Factories Co. Board of Directors invites its shareholders to attend the Ordinary General Assembly Meeting (first meeting and the second Meeting after one hour from the first meeting)

Element List Explanation Introduction The Board of Directors of United Wire Factories Co. (Aslak) is pleased to invite the valued shareholders... read more

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

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

Addendum announcement from United Wire Factories Company regarding the announcement of the results of the extraordinary general assembly meeting (first meeting)

Element ListExplanation Introduction In addition to the company's previous announcement regarding the results of the Extraordinary... 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 an update on its previous announces for signing a Memorandum of Understanding with Themar for Food and Catering Company (Limited Liability Company) for the possible acquisition of a share in the ownership of Themar Food and Catering Company.

Element ListExplanation Introduction Further to the announcement by United Wire Factories Co. of signing a (non-binding)... read more

United Wire Factories Co. announces its board of directors’ decision to appoint the board’s chairman and vice-chairman and to form committees

Element ListExplanationAnnouncement Detail Reference to the meeting of the Fourteenth Ordinary General Assembly held on Tuesday 28/07/1443 AH... read more

United Wire Factories Co. announces its Interim Financial results for the Period Ending on 2025-06-30 ( Six Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 181.4174.14.192164.810.072 Gross Profit (Loss) 11.814.6-19.17810.512.38 Operational Profit (Loss)... read more

United Wire Factories Co. announces an updates on Aslak announcement of signing of a non-binding memorandum of understanding with Al Raeda Industrial Investment Company

Element ListExplanation Introduction With reference to the announcement of United Wire Factories Co. (Aslak) on Tadawul... read more

United Wire Factories Co. Announces the Submission of the Decrease of the Company’s Capital Application File to CMA

Element ListExplanationIntroduction United Wire Factories Co announces the submission of the Application File to the CMA, on Wednesday... read more