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

United Wire Factories Company announces the starting date of electronic voting on the 15th Ordinary General Assembly Meeting agenda (First Meeting) through means of modern technology

Element ListExplanationAnnouncement Detail United Wire Factories Company is pleased to announce to its valued shareholders the start date... read more

Aslak’s profit margins boosted by efficient raw materials procurement: CEO

United Wire Factories Co. (Aslak) was highly-selective in managing the process of raw materials procurement to seize good opportunities, which... read more

United Wire Factories Co. announces the board of director’s decision to distribute cash dividends for From the profit balance up to the end of the 4th quarter of 2024 and the nine-month period of 2025

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

United Wire Factories Co. Announces the Submission of the Decrease of the Company’s Capital Application File to CMA

Element ListExplanationIntroduction United Wire Factories Co announces the submission of the Application File to the CMA, on Wednesday... read more

United Wire Factories Co. Announces an update on Addendum Announcement from United Wire Factories Co. in regards to extension of the candidacy period for membership of the Board of Directors for the 5th session

Element ListExplanation Introduction Addendum announcement of the United Wire Factories Co regarding the extension of the... read more

United Wire Factories Co. announces signing a Memorandum of Understanding with A-1 Fence DMCC (UAE)

Element ListExplanation Introduction United Wire Factories Co. Announces the signing of a (non-binding) Memorandum of Understanding... 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

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

Taking a business global is as much about embracing uncomfortable paradigms as it is about competing with global giants

NABIL H. AL-AMIR CEO Of United Wire Factories Company MOHAMMED RAFEA CEO of Riyadh Cables Group Company What is your company's strategy going forward... read more

United Wire Factories Co. Announces Board’s Recommendation to Decrease the Company’s Capital

ELEMENT LIST EXPLANATION Date of Board Meeting 2020-01-13 Corresponding to 1441-05-18 Capital before decrease No English translation, kindly refer to the Arabic version Capital after decrease No... read more