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

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 Deducting Minority Equity)	518.8	506.5	2.428
Profit (Loss) per Share	0.5	0.16
All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT LIST	EXPLANATION
Increase (Decrease) in Net Profit for Current Year Compared to Last Year is Attributed to	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, in addition to the decrease in selling and distribution expenses as a percentage of sales, also a decrease in general and administrative expenses.
Basis of the External Auditor’s Opinion	Unmodified opinion
Reclassification of Comparison Items	Some of the last period comparative figures were reclassified to comply with the current period ones
Additional Information	The company has implemented the international standards as of 1/1/2017 and has also implemented the international standard No. 16 for financing lease contracts as of 1/1/2019

Related Posts

The CEO of the Saudi Wire Union, Nabil Al-Amir, told CNBC Arabia: The increase in profits for the first half of 2022 is due to the growth in sales volumes and high profit margins

https://www.cnbcarabia.com/videos_pickup/aslak_video.mp4 In an interview with CNBC Arabia, CEO of the Saudi Wire Union, Nabil Al-Amir, indicated that the reasons behind the... read more

United Wire Factories Company (ASLAK) announces the signing of a share purchase agreement for the purpose of acquiring forty percent (40%) of the share capital of Al Raeda Industrial Investment Company (Al Raeda), by way of an increase in ASLAK’s capital through the issuance of new shares (consideration shares) to the Selling Shareholders of Al Raeda (the “Acquisition Transaction”)

Element List Explanation Introduction With reference to the announcement of United Wire Factories Company (“Aslak”) published on the Saudi Exchange (Tadawul) website on... read more

United Wire Factories Co. Announces Appointment of a Financial Advisor for Capital Decrease

Element ListExplanationIntroduction Further to the company's announcement published on the Tadawul website on 04/09/1444 corresponding to 11/03/2022 regarding the... read more

The United Wire Factories Co. announces the latest developments regarding its previous announcement of signing a memorandum of understanding with A-1 Fence DMCC (UAE)

Element ListExplanation Introduction Further to the announcement of the United Wire Factories Company (the “Company”) on... read more

Aslak aligns factory operations with demand: CEO

United Wire Factories Co. (Aslak) is operating factories at high rates to balance low demand and maintain economic efficiency to... 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 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

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 Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change Sales/Revenue 226.6 220.4 2.813 202.8 11.735 Gross Profit (Loss) 28.1 33.5 -16.119 29.8 -5.704 Operational Profit (Loss) 18.6 17.3 7.514 19.2 -3.124 Net Profit... read more

United Wire Factories Co. Announces to its Shareholders the Starting Date of the Electronic Voting on the Agenda of the Ordinary General Assembly Meeting (first meeting and the second Meeting after one hour from the first meeting)

Element ListExplanationAnnouncement Detail Reference to the announcement of United Wire Factories Co. (Aslak) on the Saudi Exchange (Tadawul)... read more