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

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