United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months ) - United Wire Factories Company

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	226.6	220.4	2.813	202.8	11.735
Gross Profit (Loss)	28.1	33.5	-16.119	29.8	-5.704
Operational Profit (Loss)	18.6	17.3	7.514	19.2	-3.124
Net Profit (Loss) after Zakat and Tax	16.1	15.1	6.622	17	-5.294
Total Comprehensive Income	16.1	15.1	6.622	17	-5.294
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	438.6	533.9	-17.849
Profit (Loss) per Share	0.46	0.34
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 increase in net profit for the 1st quarter of 2021 compared to the 1st quarter of 2020 is mainly due to the growth in sales volume, this was accompanied by a decrease in profit margin and a decrease in selling and general 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 decrease in net profit for the 1st quarter of 2021 compared to the 4th quarter of 2020 is mainly due to the Decrease in profit margin , and an increase in the expense incurred during the period versus the decrease in commercial debtors In spite of the increase in sales and the decrease in selling and general expenses
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 its estimated Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

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... 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

Stable raw material prices lifted Q4 results; higher demand seen post-Ramadan: Aslak CEO

The fourth quarter of 2023 witnessed stable raw material prices, which eased the pressure on sales margins and thus improved... 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 Company announces the starting date of electronic voting on the 15th Ordinary General Assembly Meeting agenda (First Meeting) through means of modern technology

Element ListExplanationAnnouncement Detail United Wire Factories Company is pleased to announce to its valued shareholders the start date... 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

Aslak’s profit margins boosted by efficient raw materials procurement: CEO

United Wire Factories Co. (Aslak) was highly-selective in managing the process of raw materials procurement to seize good opportunities, which... 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

United Wire Factories Co. Announces an update on Addendum Announcement from United Wire Factories Co. in regards to extension of the candidacy period for membership of the Board of Directors for the 5th session

Element ListExplanation Introduction Addendum announcement of the United Wire Factories Co regarding the extension of the... read more