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

United Wire Factories Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting – Reminder Announcement

Element ListExplanation Introduction The Board of Directors of the United Wire Factories Company is pleased to... read more

Corrective announcement from the United Wire Factories Company regarding its previous announcement about the latest developments regarding its signing of a memorandum of understanding with A1 Fence DMCC (UAE) to acquire a share in the ownership of A1 Fence Arabian Industrial Company, which is wholly owned by A1 Fence DMCC. (Emirati)

Element ListExplanation Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website 2023-10-03... read more

ASLAK CEO says no conflict between capital cut, expansions

Nabil Alamir, CEO of United Wires Factories Co. (Aslak), said the planned capital cut does not reflect contraction, stressing that... read more

United Wire Factories Co. announces its Interim Financial results for the Period Ending on 2024-03-31 (Three Months)

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 187.2227.2-17.605182.52.575 Gross Profit (Loss) 15.916.4-3.04816-0.624 Operational Profit (Loss)... 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 update on United Wire Factories Co. announces signing a Memorandum of Understanding with ALRAEDA INDUSTRIAL INVESTMENT Co.

Element ListExplanation Introduction In addition to the announcement by the United Wire Factories Company of signing... read more

United Wire Factories Co. Announces Board’s Recommendation to Decrease the Company’s Capital

ELEMENT LIST EXPLANATION Date of Board Meeting 2020-01-13 Corresponding to 1441-05-18 Capital before decrease No English translation, kindly refer to the Arabic version Capital after decrease No... read more

Announcement Details United Wire Factories Co. announces its Interim Financial results for the Period Ending on 2024-06-30 ( Six Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 174.1200.2-13.036187.2-6.997 Gross Profit (Loss) 14.617.3-15.60615.9-8.176 Operational Profit (Loss)... read more

Addendum Announcement from United Wire Factories Co. in regards to extending the nomination period for Board of Directors membership for the upcoming term

Element List Explanation Introduction reference to the United Wire Factories Company (Aslak) announcement dated 08-12-2024G corresponding to 07-06-1446H regarding the opening... 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