United Wire Factories Co. announces its Annual Financial results for the period ending on 2023-12-31 - United Wire Factories Company

Element List	Current Year	Previous Year	%Change
Sales/Revenue	792.8	1,026.4	-22.76
Gross Profit (Loss)	64.1	107.3	-40.26
Operational Profit (Loss)	26.2	67.2	-61.01
Net profit (Loss)	20.4	56.7	-64.02
Total Comprehensive Income	20.7	57.8	-64.19
Total Share Holders Equity (After Deducting the Minority Equity)	372	449.5	-17.24
Profit (Loss) per Share	0.63	1.61
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	–	–
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year	The reason for the decrease in sales for the current year (2023 AD) compared to the previous year (2022 AD ) to the decrease in sales volume and decrease in average selling prices
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The reason for the decrease in net profit for the current year (2023 AD) compared to the previous year (2022 AD ) to the decrease in sales volume and decrease in profit margins
Statement of the type of external auditor’s report	Unmodified opinion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse 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 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

Addendum Announcement from United Wire Factories Co. in regards to extending the nomination period for Board of Directors membership for the upcoming term

Element List Explanation Introduction reference to the United Wire Factories Company (Aslak) announcement dated 08-12-2024G corresponding to 07-06-1446H regarding the opening... read more

United Wire Factories Co. announces its Interim Financial results for the Period Ending on 2025-09-30 ( Nine Months )

Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change Sales/Revenue 201.1 166 21.144 181.4 10.859 Gross Profit (Loss) 13.5 13.5 - 11.8 14.406 Operational Profit (Loss) 3 4 -25 1.5 100 Net profit... 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

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) for the possible acquisition of a stake in the ownership of A-1 Fence Arabia Company for Industry (a foreign limited company)

Element ListExplanation Introduction Further to the announcement by the United Wire Factories Co. of signing a... read more

United Wire Factories Co. Announces an update on United Wire Factories Co. announces signing a Memorandum of Understanding with ALRAEDA INDUSTRIAL INVESTMENT Co.

Element ListExplanation Introduction In addition to the announcement by the United Wire Factories Company of signing... read more

Addendum announcement from United Wire Factories Company regarding the announcement of the results of the extraordinary general assembly meeting (first meeting)

Element ListExplanation Introduction In addition to the company's previous announcement regarding the results of the Extraordinary... read more

United Wire Factories Co. announces the opening of the nomination period for the board of director’s membership

Element List Explanation Introduction United Wire Factories Co. (Aslak) is pleased to announce that it has open the nomination for Board... read more

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

ELEMENT LIST EXPLANATION Introduction No English translation, kindly refer to the Arabic version Date of Submitting the Application File to CMA 2020-03-10 Corresponding to 1441-07-15 Application... read more

United Wire Factories Co. announces the distribution of cash dividend for For the 1st half of the year 2022 AD

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