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

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