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

  • Home
  • News
  • 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

Related Posts

United Wire Factories Co. Announces the Board of Directors’ recommendation regarding transferring the company’s statutory reserve to retained earnings

Element ListExplanationAnnouncement Detail United Wire Factories Company announces the issuance of the Board of Directors’ recommendation to the... read more

United Wire Factories Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )

Element... read more

United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 185.7160.215.917217.7-14.699 Gross Profit (Loss) 16.928.3-40.28221.2-20.283 Operational Profit (Loss)... read more

An addendum announcement from the United Wire Factories Company regarding its previous announcement inviting its shareholders to attend the 16th Extraordinary General Assembly Meeting (the first meeting)

Element ListExplanation Introduction A reference to the company's announcement containing the invitation to attend the sixteenth... read more

United Wire Factories Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting

Element List Explanation Introduction The Board of Directors of United Wire Factories Company is pleased to invite its shareholders to attend... read more

United Wire Factories Co. announces the distribution of cash dividend for For the period ended 2020 AD and the second half of the year 2021 AD

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 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

United Wire Factories Co. announces an updates on Aslak announcement of signing of a non-binding memorandum of understanding with Al Raeda Industrial Investment Company

Element ListExplanation Introduction With reference to the announcement of United Wire Factories Co. (Aslak) on Tadawul... read more

Aslak CEO: Al-Raeda acquisition to boost revenue, expand reach

United Wire Factories Co.'s (Aslak) memorandum of understanding (MoU) for the potential acquisition of a stake in Al-Raeda Industrial Investment... 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