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 distribution of cash dividend for For the first half of the year 2021 AD

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

United Wire Factories Co. Announces an update on United Wire Factories Co. announces signing a Memorandum of Understanding with Themar for Food and Catering Company

Element ListExplanation Introduction Further to the announcement of the United Wire Factories Co. on October 24,... read more

Corrective announcement from the United Wire Factories Company regarding its previous announcement about the latest developments regarding its signing of a memorandum of understanding with A1 Fence DMCC (UAE) to acquire a share in the ownership of A1 Fence Arabian Industrial Company, which is wholly owned by A1 Fence DMCC. (Emirati)

Element ListExplanation Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website 2023-10-03... read more

Addendum Announcement from United Wire Factories Co. in regards to the 15th general assembly ( ordinary ) first meeting

Element ListExplanation Introduction Further to the announcement of the United Wire Factories Company on 23/08/1444... read more

United Wire Factories Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )

Element... read more

United Wire Factories Co. announces signing a Memorandum of Understanding with ALRAEDA INDUSTRIAL INVESTMENT Co.

Element ListExplanation Introduction United Wire Factories Company Announces the signing of a Memorandum of Understanding with... read more

Taking a business global is as much about embracing uncomfortable paradigms as it is about competing with global giants

NABIL H. AL-AMIR CEO Of United Wire Factories Company MOHAMMED RAFEA CEO of Riyadh Cables Group Company What is your company's strategy going forward... read more

United Wire Factories Co. announces its board of directors’ decision to appoint the board’s chairman and vice-chairman and to form committees

Element ListExplanationAnnouncement Detail Reference to the meeting of the Fourteenth Ordinary General Assembly held on Tuesday 28/07/1443 AH... read more

United Wire Factories Co. announces its Annual Financial Results for the Period Ending on 2022-12-31

Element ListCurrent YearPrevious Year%ChangeSales/Revenue 1,026.4921.311.41 Gross Profit (Loss) 107.385.625.35 Operational Profit (Loss) 67.256.419.15 Net Profit (Loss)... read more

United Wire Factories Co. announces its estimated Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change Sales/Revenue 217.7 194.3 12.043 226.6 -3.927 Gross Profit (Loss) 21.2 22.1 -4.072 28.1 -24.555 Operational Profit (Loss) 16.7 14.6 14.383 18.6 -10.215 Net Profit... read more