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 the CMA’s approval on the Capital Reduction request of the Company

Element ListExplanation ... read more

United Wire Factories Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting – Reminder Announcement

Element ListExplanation Introduction The Board of Directors of the United Wire Factories Company is pleased to... read more

United Wire Factories Co. announces the board of director’s decision to distribute cash dividends for From the profit balance up to the end of the 4th quarter of 2024 and the nine-month period of 2025

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

United Wire Factories Co. Announces to its Shareholders the Starting Date of the Electronic Voting on the Agenda of the Ordinary General Assembly Meeting (First Meeting)

Element ListExplanationAnnouncement Detail Reference to the announcement of United Wire Factories Co. (Aslak) on the Saudi Exchange (Tadawul)... read more

United Wire Factories Co. announces signing a Memorandum of Understanding with Themar for Food and Catering Company (Limited Liability Company)

Element ListExplanation Introduction United Wire Factories Company announces the signing of a (non-binding) Memorandum of Understanding with Themar... 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 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. Board invites its shareholders to attend the Ordinary General Assembly Meeting 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 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

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