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

Related Posts

United Wire Factories Co. announces an updates on Aslak announcement of signing of a non-binding memorandum of understanding with Al Raeda Industrial Investment Company

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

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

ASLAK CEO says no conflict between capital cut, expansions

Nabil Alamir, CEO of United Wires Factories Co. (Aslak), said the planned capital cut does not reflect contraction, stressing that... read more

United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 2022-09-30 ( Nine Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 264.1185.742.22208.326.79 Gross Profit (Loss) 15.616.9-7.6929.1-46.39 Operational Profit (Loss)... read more

United Wire Factories Co. Announces the end of the creditors’ objection period.

Element ListExplanationAnnouncement Detail Concerning the announcement of United Wire Factories Co. On Thursday, 18 May 2023, published... read more

A corrective announcement from the United Wire Factories Company regarding its announcement of the start date of electronic voting on the items of the Extraordinary General Assembly Meeting (Sixteenth) that include reducing the company’s capital (first meeting) through modern technology

Element ListExplanation Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website 2023-07-27... 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 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