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

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

Addendum Announcement from United Wire Factories Co. in regards to the year 2025 financial Results

Element List Explanation Introduction With reference to the company's announcement of its annual financial results for 2025, we would like to... read more

United Wire Factories Co. announces the formation of the Audit Committee

Element ListExplanationIntroduction United Wire Factories Co. (Aslak) announces the decision of the Board of Directors to form the Audit... read more

United Wire Factories Co. Announces to its Shareholders the Starting Date of the Electronic Voting on the Agenda of the Ordinary General Assembly Meeting (first meeting and the second Meeting after one hour from the first meeting)

Element ListExplanationAnnouncement Detail With reference to the announcement by United Wire Factories Company (ASLAK) on the Saudi Exchange... read more

United Wire Factories Co. announces the distribution of cash dividend for For the first 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 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 Calling Candidature for Board Members Elections for the 5th session

Element ListExplanationIntroductionUnited Wire Factories Co (Aslak) Announces Calling Candidature for Board Members Elections for the next (fifth) session and for... 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

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 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. 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