United Wire Factories Co. announces its Annual Financial Results for the Period Ending on 2021-12-31 - United Wire Factories Company

Element List	Current Year	Previous Year	%Change
Sales/Revenue	921.3	777.7	18.464
Gross Profit (Loss)	85.6	113.9	-24.846
Operational Profit (Loss)	56.4	72.3	-21.991
Net Profit (Loss) after Zakat and Tax	46.2	62.1	-25.603
Total Comprehensive Income	46.4	61.7	-24.797
Total Share Holders Equity (after Deducting Minority Equity)	442.6	457.6	-3.277
Profit (Loss) per Share	1.32	1.51
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 decrease in net profit for the current year (2021 AD ) compared to the previous year ( 2020 AD ) is mainly due to the decrease in gross margin , despite of the increase in sales amount and the reverse of the expense incurred against decrease in trade receivables and inventory ( covid 19 ).
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	No Remarks

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