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

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 its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )

... read more

United Wire Factories Co. Announces the Date of Depositing the Compensation Amounts for the Written-off Shares Resulted from the Reduction of the Company’s Capital (that Exceeds the Company’s Need)

... 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

United Wire Factories Co. Announces an update on United Wire Factories Co. announces signing a Memorandum of Understanding with Themar for Food and Catering Company

Element ListExplanation Introduction Further to the announcement of the United Wire Factories Co. on October 24,... read more

United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( 6 months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 208.3217.7-4.32298.8-30.29 Gross Profit (Loss) 29.121.237.2638-23.42 Operational Profit (Loss)... 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

United Wire Factories Co. announces signing a Memorandum of Understanding with ALRAEDA INDUSTRIAL INVESTMENT Co.

Element ListExplanation Introduction United Wire Factories Company Announces the signing of a Memorandum of Understanding with... read more

United Wire Factories Co. announces its Annual Financial Results for the Period Ending on 2020-12-31

Element List Current Year Previous Year %Change Sales/Revenue 777.3 724.4 7.302 Gross Profit (Loss) 113.5 61.6 84.253 Operational Profit (Loss) 72.3 32.9 119.756 Net Profit (Loss) after Zakat and Tax 62.1 22.1 180.995 Total Comprehensive Income 61.7 23.2 165.948 Total... read more

The Capital Market Authority Approves United Wire Factories Company’s Request to Reduce its Capital

The CMA has issued its resolution approving United Wire Factories Company's request to reduce its capital from SAR (438,750,000) to... read more