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 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 With reference to the announcement by United Wire Factories Company (ASLAK) on the Saudi Exchange... read more

CEO of Saudi Wire Union Company to CNBC Arabia: The increase in value added boosted the company’s sales and increased profit margins

The CEO of the Saudi Wire Union, Nabil Al-Amir, told CNBC Arabia that the VAT increase last year resulted in... 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

Addendum Announcement from United Wire Factories Co. in regards to the 15th general assembly ( ordinary ) first meeting

Element ListExplanation Introduction Further to the announcement of the United Wire Factories Company on 23/08/1444... read more

A corrective announcement from the United Wire Factories Company regarding its announcement of the start date of electronic voting on the items of the Extraordinary General Assembly Meeting (Sixteenth) that include reducing the company’s capital (first meeting) through modern technology

Element ListExplanation Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website 2023-07-27... read more

United Wire Factories Co. announces its 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 (Loss)... read more

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

Element ListExplanation Introduction United Wire Factories Co. Announces Board's Recommendation to Decrease the Company's Capital ... read more

United Wire Factories Co. Announces the end of the creditors’ objection period.

Element ListExplanationAnnouncement Detail Concerning the announcement of United Wire Factories Co. On Thursday, 18 May 2023, published... read more

United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 185.7160.215.917217.7-14.699 Gross Profit (Loss) 16.928.3-40.28221.2-20.283 Operational Profit (Loss)... 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