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

Related Posts

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

Element... read more

United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 185.7160.215.917217.7-14.699 Gross Profit (Loss) 16.928.3-40.28221.2-20.283 Operational Profit (Loss)... read more

CEO of Saudi Wire Union Company to CNBC Arabia: The increase in value added boosted the company’s sales and increased profit margins

The CEO of the Saudi Wire Union, Nabil Al-Amir, told CNBC Arabia that the VAT increase last year resulted in... read more

Addendum Announcement from United Wire Factories Co. in regards to extending the nomination period for Board of Directors membership for the upcoming term

Element List Explanation Introduction reference to the United Wire Factories Company (Aslak) announcement dated 08-12-2024G corresponding to 07-06-1446H regarding the opening... 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

Announcement Details United Wire Factories Company Announces the Execution of a Non-Binding Agreement in connection with the Acquisition of forty percent (40.0%) of Issued Shares in Al Raeda Industrial Investment Company, in return for Issuing New Shares for the Selling Shareholders of Al Raeda Industrial Investment Company in United Wire Factories Company

Element ListExplanation Introduction With reference to United Wire Factories Company's ("ASLAK" or the "Company") announcement dated... 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

Aslak opens new factory in Al Kharj

United Wire Factories Co. (Aslak) inaugurated its new factory in Al Kharj Industrial City, spanning 15,000 square meters. In a... read more

United Wire Factories Co. announces its Interim Financial results for the Period Ending on 2024-03-31 (Three Months)

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 187.2227.2-17.605182.52.575 Gross Profit (Loss) 15.916.4-3.04816-0.624 Operational Profit (Loss)... read more

Announcement Details United Wire Factories Co. announces its Interim Financial results for the Period Ending on 2024-06-30 ( Six Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 174.1200.2-13.036187.2-6.997 Gross Profit (Loss) 14.617.3-15.60615.9-8.176 Operational Profit (Loss)... read more