United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months ) - United Wire Factories Company

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	298.8	226.6	31.862	291.3	2.574
Gross Profit (Loss)	38	28.1	35.231	19.5	94.871
Operational Profit (Loss)	28.6	18.6	53.763	10.6	169.811
Net Profit (Loss) after Zakat and Tax	26	16.1	61.49	7.9	229.113
Total Comprehensive Income	26	16.1	61.49	7.9	229.113
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)	452.9	438.6	3.26
Profit (Loss) per Share	0.74	0.46
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 to the growth in sales volume despite the increase in selling and general expenses and the decrease in expenses charged to trade debtors
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 increase in net profit for the current quarter (first 2022) compared to the previous quarter (fourth 2021) is mainly due to the increase in profit margins
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 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 its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )

... read more

United Wire Factories Co. Announces the Deposit Date of Sums Resulting from Selling Fractional Stocks Following Decrease of the Company’s Capital in the Accounts of Eligible Shareholders

... read more

Taking a business global is as much about embracing uncomfortable paradigms as it is about competing with global giants

NABIL H. AL-AMIR CEO Of United Wire Factories Company MOHAMMED RAFEA CEO of Riyadh Cables Group Company What is your company's strategy going forward... 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 its Annual Estimated Financial Results for the Period Ending on 2022-12-31

Element ListCurrent YearPrevious Year%ChangeSales/Revenue 1,026.4921.311.41 Gross Profit (Loss) 107.385.225.94 Operational Profit (Loss) 67.856.420.21 Net Profit (Loss)... read more

United Wire Factories Company announces the starting date of electronic voting on the 17th Extraordinary General Assembly meeting agenda (First Meeting) through means of modern technology

Element ListExplanationAnnouncement Detail United Wire Factories Company is pleased to announce to its esteemed shareholders the date of... 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 Company (ASLAK) Invites Its Shareholders To Attend the 15th Ordinary General Assembly Meeting (The First Meeting)

... read more

United Wire Factories Co. announces the distribution of cash dividend for For the first half of the year 2021 AD

Element ListExplanation Introduction United Wire Factories Company (Aslak) announces the decision of the Board of Directors... read more