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

  • Home
  • News
  • United Wire Factories Co. announces its Annual Financial Results for the Period Ending on 2021-12-31
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 its Interim Financial Results for the Period Ending on 2022-06-30 ( 6 months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 208.3217.7-4.32298.8-30.29 Gross Profit (Loss) 29.121.237.2638-23.42 Operational Profit (Loss)... read more

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

  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... 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) for the possible acquisition of a stake in the ownership of A-1 Fence Arabia Company for Industry (a foreign limited company)

Element ListExplanation Introduction Further to the announcement by the United Wire Factories Co. of signing a... read more

United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 2022-09-30 ( Nine Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 264.1185.742.22208.326.79 Gross Profit (Loss) 15.616.9-7.6929.1-46.39 Operational Profit (Loss)... read more

United Wire Factories Co. announces its Interim Financial results for the Period Ending on 2024-09-30 ( Nine Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 166182.9-9.24174.1-4.652 Gross Profit (Loss) 13.514.6-7.53414.6-7.534 Operational Profit (Loss)... read more

ASLAK’s CEO Interview with CNBC Arabia regrading the process of reducing the company’s capital

https://unitedwires.com.sa/wp-content/uploads/2023/08/CNBC03082023.mp4 read more

United Wire Factories Co. announces its Estimated Interim Financial Results for the Period Ending on 2022/03/31 ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year% ChangePrevious Quarter% ChangeSales/Revenue 298.8226.631.862291.32.574 Gross Profit (Loss) 3828.135.23119.594.871 Operational Profit... read more

Corrective announcement from the United Wire Factories Company regarding its previous announcement about the latest developments regarding its signing of a memorandum of understanding with A1 Fence DMCC (UAE) to acquire a share in the ownership of A1 Fence Arabian Industrial Company, which is wholly owned by A1 Fence DMCC. (Emirati)

Element ListExplanation Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website 2023-10-03... read more

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 Co. Invites Its Shareholders to Attend the Extraordinary General Assembly Meeting the Sixteenth (First Meeting) Through Means of Modern Technology