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

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

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