United Wire Factories Co. announces its Estimated Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months ) - United Wire Factories Company

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	208.3	217.7	-4.32	298.8	-30.29
Gross Profit (Loss)	29.1	21.2	37.26	38	-23.42
Operational Profit (Loss)	18.9	16.7	13.17	28.6	-33.92
Net Profit (Loss) after Zakat and Tax	16.2	14.1	14.89	26	-37.69
Total Comprehensive Income	16.2	14.1	14.89	26	-37.69
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	507	444.3	14.11
Gross Profit (Loss)	67.1	49.3	36.1
Operational Profit (Loss)	47.5	35.3	34.56
Net Profit (Loss) after Zakat and Tax	42.2	30.2	39.73
Total Comprehensive Income	42.2	30.2	39.73
Total Share Holders Equity (after Deducting Minority Equity)	469	452.7	3.6
Profit (Loss) per Share	1.2	0.86
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 compared to the same quarter of the previous year is due is mainly due to the increase in profit margins despite the reverse of (the decrease charged to trade debtors as COVID-19) in the same quarter of previous year “
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 (second 2022) compared to the previous quarter of the previous year (first 2022) is mainly due to the decrease 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 and increase in profit margins despite the reverse of (the decrease charged for COVID-19) in the same period of previous year .”
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

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 signing a Memorandum of Understanding with Themar for Food and Catering Company (Limited Liability Company)

Element ListExplanation Introduction United Wire Factories Company announces the signing of a (non-binding) Memorandum of Understanding with Themar... read more

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 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

Aslak opens new factory in Al Kharj

United Wire Factories Co. (Aslak) inaugurated its new factory in Al Kharj Industrial City, spanning 15,000 square meters. In a... read more

United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )

... 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

United Wire Factories Co. announces its Annual 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

United Wire Factories Company announces the latest developments regarding its previous announcement of signing a memorandum of understanding with A-1 Fence DMCC (UAE) to acquire a share in the ownership of A-1 FENCE Arabian Industrial Company, which is wholly owned by A-1 FENCE DMCC (UAE)

Element List Explanation Introduction Further to the announcement of the United Wire Factories Company (the “Company”) on March 8, 2023, regarding... read more