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 the Results of the Ordinary General Assembly Meeting, ( First Meeting )

Element List Explanation Introduction United Wire Factories company Board of Directors is pleased to announce the results of the14th Ordinary General... 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

United Wire Factories Co. announces the CMA’s approval on the Capital Reduction request of the Company

Element ListExplanation ... read more

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

Element ListExplanation Introduction United Wire Factories Co. Announces Board's Recommendation to Decrease the Company's Capital ... 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

CEO of the Saudi Wire Union Company to CNBC Arabia: The company’s available infrastructure allows an increase in production capacity 30%

The CEO of the Saudi Wire Union, Nabil Al-Amir, said in an interview with CNBC Arabia that the results of... read more

United Wire Factories Company (ASLAK) Invites Its Shareholders To Attend the 15th Ordinary General Assembly Meeting (The First Meeting)

... read more

CEO of Saudi Wire Union Company to CNBC Arabia: The impact of high raw material costs due to the war is limited on the company

https://www.cnbcarabia.com/videos_pickup/_____________________[63].mp4 Nabil Al-Amir, CEO of the Saudi Wire Factories company, said in a meeting with CNBC Arabian, that the Russian-Ukrainian war... read more

United Wire Factories Co. Board of Directors invites its shareholders to attend the Ordinary General Assembly Meeting (first meeting and the second Meeting after one hour from the first meeting)

Element List Explanation Introduction The Board of Directors of United Wire Factories Co. (Aslak) is pleased to invite the valued shareholders... read more

United Wire Factories Co. announces the distribution of cash dividend for the second half of the year 2020 AD

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