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 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 board of director’s decision to distribute cash dividends for the 4th quarter 2023 and for the period 9 months 2024

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

United Wire Factories Co. announces its Annual Estimated 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) 32.4 17 90.588 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

United Wire Factories Co. announces signing a Memorandum of Understanding with Themar for Food and Catering Company (Limited Liability Company)

Element ListExplanation Introduction United Wire Factories Company announces the signing of a (non-binding) Memorandum of Understanding with Themar... 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

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

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 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 (Loss)... read more

United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 30-09-2023 ( Nine Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 182.9264.1-30.75200.2-8.64 Gross Profit (Loss) 14.515.6-7.0517.2-15.7 Operational Profit (Loss)... read more

United Wire Factories Co. announces its board of directors’ decision to appoint the board’s chairman and vice-chairman and to form committees

Element ListExplanationAnnouncement Detail Reference to the meeting of the Fourteenth Ordinary General Assembly held on Tuesday 28/07/1443 AH... read more