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

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