United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( 6 months ) - United Wire Factories Company

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	208.3	217.7	-4.32	298.8	-30.29
Gross Profit (Loss)	29.1	21.2	37.26	38	-23.42
Operational Profit (Loss)	18.9	16.7	13.17	28.6	-33.92
Net Profit (Loss) after Zakat and Tax	16.2	14.1	14.89	26	-37.69
Total Comprehensive Income	16.2	14.1	14.89	26	-37.69
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	507	444.3	14.11
Gross Profit (Loss)	67.1	49.3	36.1
Operational Profit (Loss)	47.5	35.3	34.56
Net Profit (Loss) after Zakat and Tax	42.2	30.2	39.73
Total Comprehensive Income	42.2	30.2	39.73
Total Share Holders Equity (after Deducting Minority Equity)	469	452.7	3.6
Profit (Loss) per Share	1.2	0.86
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 is mainly due to the increase in profit margins despite the reverse of (the decrease charged to trade debtors as COVID-19) in the same quarter of previous year “
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 decrease in net profit for the current quarter (second 2022) compared to the previous quarter of the previous year (first 2022) is mainly due to the decrease sales volume .
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	“The reason for the increase in net profit for the current period compared to the same period of the previous year is due to the growth in sales volume and increase in profit margins despite the reverse of (the decrease charged for COVID-19) in the same period of previous year .”
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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