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

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  • United Wire Factories Co. announces its Annual Financial Results for the Period Ending on 2022-12-31
Element List Current Year Previous Year %Change
Sales/Revenue 1,026.4 921.3 11.41
Gross Profit (Loss) 107.3 85.6 25.35
Operational Profit (Loss) 67.2 56.4 19.15
Net Profit (Loss) after Zakat and Tax 56.7 46.2 22.73
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 1.61 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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