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 Interim Financial Results for the Period Ending on 30-09-2023 ( Nine Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 182.9264.1-30.75200.2-8.64 Gross Profit (Loss) 14.515.6-7.0517.2-15.7 Operational Profit (Loss)... read more

United Wire Factories Co. Announces an update on Aslak announces the signed a non-binding memorandum of understanding (40.0%) of the shares of Al Raeda Industrial Investment Company through the issuance of new shares to the shareholders of Al Raeda Industrial Investment Company in Aslak

Element ListExplanation Introduction With reference to the announcement of United Wire Factories Co. (Aslak) on Tadawul... read more

Aslak’s profit margins boosted by efficient raw materials procurement: CEO

United Wire Factories Co. (Aslak) was highly-selective in managing the process of raw materials procurement to seize good opportunities, which... read more

United Wire Factories Co. Invites Its Shareholders to Attend the Extraordinary General Assembly Meeting the Sixteenth (First Meeting) Through Means of Modern Technology

... read more

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

Element ListCurrent QuarterSimilar quarter for previous year% ChangePrevious Quarter% ChangeSales/Revenue 298.8226.631.862291.32.574 Gross Profit (Loss) 3828.135.23119.594.871 Operational Profit... read more

United Wire Factories Co. announces its Annual Estimated Financial Results for the Period Ending on 2020-12-31

Element List Current Year Previous Year %Change Sales/Revenue 777.3 724.4 7.302 Gross Profit (Loss) 113.5 61.6 84.253 Operational Profit (Loss) 72.3 32.9 119.756 Net Profit (Loss) after Zakat and Tax 62.1 22.1 180.995 Total Comprehensive Income 61.7 23.2 165.948 Total... read more

United Wire Factories Co. Announces the Submission of the Decrease of the Company’s Capital Application File to CMA

Element ListExplanationIntroduction United Wire Factories Co announces the submission of the Application File to the CMA, on Wednesday... 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

Addendum announcement from United Wire Factories Company regarding the announcement of the results of the extraordinary general assembly meeting (first meeting)

Element ListExplanation Introduction In addition to the company's previous announcement regarding the results of the Extraordinary... read more

The Capital Market Authority Approves United Wire Factories Company’s Request to Reduce its Capital

The CMA has issued its resolution approving United Wire Factories Company's request to reduce its capital from SAR (438,750,000) to... read more