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 an update on United Wire Factories Co. announces signing a Memorandum of Understanding with ALRAEDA INDUSTRIAL INVESTMENT Co.

Element ListExplanation Introduction In addition to the announcement by the United Wire Factories Company of signing... read more

United Wire Factories Co. announces the board of director’s decision to distribute cash dividends for From the profit balance up to the end of the 4th quarter of 2024 and the nine-month period of 2025

Element ListExplanation Introduction United Wire Factories Company ASLAK announces the decision of the Board of Directors... read more

Stable raw material prices lifted Q4 results; higher demand seen post-Ramadan: Aslak CEO

The fourth quarter of 2023 witnessed stable raw material prices, which eased the pressure on sales margins and thus improved... read more

United Wire Factories Co. announces its Interim Financial results for the Period Ending on 2025-03-31 ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 164.8187.2-11.965179.9-8.393 Gross Profit (Loss) 10.515.9-33.96213.8-23.913 Operational Profit (Loss)... read more

Aslak’s profit margins boosted by efficient raw materials procurement: CEO

United Wire Factories Co. (Aslak) was highly-selective in managing the process of raw materials procurement to seize good opportunities, which... read more

United Wire Factories Co. Announces the Start of the Creditors’ Objection Period Related to the Company’s Capital Reduction (that exceeds the Company’s need)

... 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 the Results of the Ordinary General Assembly Meeting, ( First Meeting )

Element List Explanation Introduction United Wire Factories company Board of Directors is pleased to announce the results of the14th Ordinary General... read more

United Wire Factories Co. announces the results of the Sixteenth Extraordinary General Assembly Meeting, which included the approval of reducing the company’s capital (first meeting)

Element ListExplanation Introduction United Wire Factories Co. announces the results of the Extraordinary Sixteenth Extraordinary General... read more

United Wire Factories Co. Announces the appointment of the Chairman of the Board of Directors, Vice Chairman and the formation of committees emanating from the Board of Directors

Element ListExplanationAnnouncement Detail With reference to the Ordinary General Assembly meeting of United Wire Factories Co. (Aslak) held... read more