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 the Board of Directors’ recommendation regarding transferring the company’s statutory reserve to retained earnings

Element ListExplanationAnnouncement Detail United Wire Factories Company announces the issuance of the Board of Directors’ recommendation to the... 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 its Interim Financial results for the Period Ending on 2025-06-30 ( Six Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 181.4174.14.192164.810.072 Gross Profit (Loss) 11.814.6-19.17810.512.38 Operational Profit (Loss)... 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 Reference to the announcement of United Wire Factories Co. (Aslak) on the Saudi Exchange (Tadawul)... 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 the results of the Sixteenth Extraordinary General Assembly Meeting, which included the approval of reducing the company’s capital (first meeting)

Element ListExplanation Introduction United Wire Factories Co. announces the results of the Extraordinary Sixteenth Extraordinary General... 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 the distribution of cash dividend for the second half of the year 2020 AD

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

United Wire Factories Co. announces its Estimated Interim Financial Results for the Period Ending on 2022/03/31 ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year% ChangePrevious Quarter% ChangeSales/Revenue 298.8226.631.862291.32.574 Gross Profit (Loss) 3828.135.23119.594.871 Operational Profit... read more

United Wire Factories Co. Announces Appointment of a Financial Advisor for Capital Decrease

ELEMENT LIST EXPLANATION Introduction No English translation, kindly refer to the Arabic version Name of Financial Advisor No English translation, kindly refer to the Arabic... read more