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

Element List	Current Year	Previous Year	%Change
Sales/Revenue	1,026.4	921.3	11.41
Gross Profit (Loss)	107.3	85.2	25.94
Operational Profit (Loss)	67.8	56.4	20.21
Net Profit (Loss) after Zakat and Tax	57.3	46.2	24.02
Total Comprehensive Income	57.8	46.4	24.57
Total Share Holders Equity (after Deducting Minority Equity)	449.5	442.6	1.56
Profit (Loss) per Share	1.63	1.32
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 increase in net profit for the current year (2022 AD ) compared to the previous year ( 2021 AD ) is mainly due to growth in sales volume and increase in profit margins .
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 period comparative figures were reclassified to comply with the current period comparative figures
Additional Information	No Remarks

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