United Wire Factories Co. announces its Annual Estimated Financial Results for the Period Ending on 2020-12-31

  • Home
  • News
  • United Wire Factories Co. announces its Annual Estimated Financial Results for the Period Ending on 2020-12-31
Element List Current Year Previous Year %Change
Sales/Revenue 777.3 724.4 7.302
Gross Profit (Loss) 113.5 61.6 84.253
Operational Profit (Loss) 72.3 32.9 119.756
Net Profit (Loss) after Zakat and Tax 62.1 22.1 180.995
Total Comprehensive Income 61.7 23.2 165.948
Total Share Holders Equity (after Deducting Minority Equity) 457.6 518.8 -11.796
Profit (Loss) per Share 1.51 0.5
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 reason for the increase in net profit for the current year compared to the previous year is mainly due to growth in sales volumes and higher profit margins, in addition to the increase in selling and distribution expenses as a percentage of sales, also a increase in general and administrative expenses.and an increase in the expense incurred during the period versus a decrease in commercial debtors and inventory (Corona-Covid-19) and the decrease in Zakat Expense.
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 last year period comparative figures were reclassified to comply with the current period comparative figures
Additional Information Initial management estimates of the impact of precautionary measures for the Corona pandemic (Covid 19) have been taken into account when estimating the decline in the value of trade receivables and inventory to date, The earnings per share was calculated according to the weighted number of shares taking in concedration the capital recudtion transaction completed during 2020.

Related Posts

An addendum announcement from the United Wire Factories Company regarding its previous announcement inviting its shareholders to attend the 16th Extraordinary General Assembly Meeting (the first meeting)

Element ListExplanation Introduction A reference to the company's announcement containing the invitation to attend the sixteenth... read more

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

Element ListExplanation Introduction United Wire Factories Co. Announces Board's Recommendation to Decrease the Company's Capital ... read more

Addendum Announcement from United Wire Factories Co. in regards to the 15th general assembly ( ordinary ) first meeting

Element ListExplanation Introduction Further to the announcement of the United Wire Factories Company on 23/08/1444... 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

United Wire Factories Co. announces signing a Memorandum of Understanding with A-1 Fence DMCC (UAE)

Element ListExplanation Introduction United Wire Factories Co. Announces the signing of a (non-binding) Memorandum of Understanding... 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

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... read more

United Wire Factories Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting – Reminder Announcement

Element ListExplanation Introduction The Board of Directors of the United Wire Factories Company is pleased to... read more

United Wire Factories Co. announces its Annual Financial Results for the Period Ending on 2019-12-31

  ELEMENT LIST CURRENT YEAR PREVIOUS YEAR %CHANGE Sales/Revenue 724.4 535 35.401 Gross Profit (Loss) 61.6 46.1 33.622 Operational Profit (Loss) 32.9 17 93.529 Net Profit (Loss) after Zakat and Tax 22.1 7.1 211.267 Total Comprehensive Income 23.2 7.6 205.263 Total Share Holders Equity (after... read more