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

Aslak aligns factory operations with demand: CEO

United Wire Factories Co. (Aslak) is operating factories at high rates to balance low demand and maintain economic efficiency to... read more

ASLAK CEO to CNBC Arabia: After two months of decline, the demand has started to recover since the beginning of this June

The CEO of ASLAK "Nabil Al-Amir" said that the demand was negatively affected during the months of April and May... 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

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

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 to its Shareholders the Starting Date of the Electronic Voting on the Agenda of the Ordinary General Assembly Meeting (first meeting and the second Meeting after one hour from the first meeting)

Element ListExplanationAnnouncement Detail Reference to the announcement of United Wire Factories Co. (Aslak) on the Saudi Exchange (Tadawul)... read more

United Wire Factories Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)

Element ListExplanation Introduction United Wire Factories Co. Board of Directors is pleased to announce the results... 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

United Wire Factories Co. announces its Annual Estimated Financial Results for the Period Ending on 2019-12-31

ELEMENT LIST CURRENT YEAR PREVIOUS YEAR %CHANGE Sales/Revenue 724.4 535 35.401 Gross Profit (Loss) 61.6 46.1 33.622 Operational Profit (Loss) 32.4 17 90.588 Net Profit (Loss) after Zakat and Tax 22.1 7.1 211.267 Total Comprehensive Income 23.2 7.6 205.263 Total Share Holders Equity (after... read more

United Wire Factories Co. Announces the Board of Directors’ recommendation regarding transferring the company’s statutory reserve to retained earnings

Element ListExplanationAnnouncement Detail United Wire Factories Company announces the issuance of the Board of Directors’ recommendation to the... read more