United Wire Factories Co. announces its estimated Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months ) - United Wire Factories Company

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	217.7	194.3	12.043	226.6	-3.927
Gross Profit (Loss)	21.2	22.1	-4.072	28.1	-24.555
Operational Profit (Loss)	16.7	14.6	14.383	18.6	-10.215
Net Profit (Loss) after Zakat and Tax	14.1	12.2	15.573	16.1	-12.422
Total Comprehensive Income	14.1	12.2	15.573	16.1	-12.422
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	444.3	414.7	7.137
Gross Profit (Loss)	49.3	55.7	-11.49
Operational Profit (Loss)	35.3	31.9	10.658
Net Profit (Loss) after Zakat and Tax	30.2	27.3	10.622
Total Comprehensive Income	30.2	27.3	10.622
Total Share Holders Equity (after Deducting Minority Equity)	452.7	546.1	-17.103
Profit (Loss) per Share	0.86	0.62
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The reason for the increase in net profit for the current quarter ( Q2 2021 ) compared to the same quarter of the previous year ( Q2 2020 ) is due to the growth in sales volume and the reverse of the amount (the decrease charged to trade debtors as COVID-19) despite of the increase in selling , general and Zakat expenses
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	The reason for the decrease in net profit for the current quarter compared to the previous quarter of this year is due to the decrease in sales volume
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The reason for the increase in net profit for the current period compared to the same period of the previous year is due to the growth in sales volume, the reverse of the amount (the decrease charged to trade debtors – COVID-19) and the decrease in general expenses despite of the decrease in profit margins and increase zakat expense for the current period
Statement of the type of external auditor’s report	Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	No remarks
Reclassification of Comparison Items	Some of the same period comparative figures were reclassified to comply with the current period comparative figures

Related Posts

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)

Element ListExplanation Introduction Further to the announcement of the United Wire Factories Company (the “Company”) on... read more

United Wire Factories Co. Announces the Results of the Extraordinary General Assembly Meeting (First Meeting)

Element ListExplanation Introduction United Wire Factories company Board of Directors is pleased to announce the results... 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 an updates on Aslak announcement of signing of a non-binding memorandum of understanding with Al Raeda Industrial Investment Company

Element ListExplanation Introduction With reference to the announcement of United Wire Factories Co. (Aslak) on Tadawul... read more

United Wire Factories Co. announces the CMA’s approval on the Capital Reduction request of the Company

Element ListExplanation ... read more

United Wire Factories Co. Announces an update on Announcement of Aslak of signing of a share purchase agreement for the purpose of acquiring forty percent (40%) of the share capital of Al Raeda Industrial Investment Company.

Element ListExplanation Introduction With reference to the announcement of United Wire Factories Company (“Aslak”) published on... read more

United Wire Factories Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)

Element List Explanation Introduction The Board of Directors of United Wire Factories Co. is pleased to invite the valued shareholders to... read more

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

Element ListCurrent YearPrevious Year%ChangeSales/Revenue 792.81,026.4-22.76 Gross Profit (Loss) 64.1107.3-40.26 Operational Profit (Loss) 26.267.2-61.01 Net profit (Loss)... read more

United Wire Factories Co. announces its Annual Estimated 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

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