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

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	264.1	185.7	42.22	208.3	26.79
Gross Profit (Loss)	15.6	16.9	-7.69	29.1	-46.39
Operational Profit (Loss)	5.3	10.5	-49.52	18.9	-71.96
Net Profit (Loss) after Zakat and Tax	3	8.1	-62.96	16.2	-81.48
Total Comprehensive Income	3	8.1	-62.96	16.2	-81.48
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	771.2	630	22.41
Gross Profit (Loss)	82.7	66.1	25.11
Operational Profit (Loss)	52.8	45.8	15.28
Net Profit (Loss) after Zakat and Tax	45.3	38.3	18.28
Total Comprehensive Income	45.3	38.3	18.28
Total Share Holders Equity (after Deducting Minority Equity)	437	434.5	0.57
Profit (Loss) per Share	1.5	1.3
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 decrease in net profit for the current quarter compared to the same quarter of the previous year is due is mainly due to the decrease in profit margins .the reverse of (the decrease charged to inventory 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 quarter of the current year is	The reason for the decrease in net profit for the current quarter( Third 2022) compared to the previous quarter of the current year (second 2022) is mainly due to the decrease in profit margins .
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 trade debitors and inventory 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 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

An addendum announcement from the United Wire Factories Company regarding its previous announcement inviting its shareholders to attend the 16th Extraordinary General Assembly Meeting (the first meeting)

Element ListExplanation Introduction A reference to the company's announcement containing the invitation to attend the sixteenth... read more

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 its 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 (Loss)... read more

United Wire Factories Co. announces the formation of the Audit Committee

Element ListExplanationIntroduction United Wire Factories Co. (Aslak) announces the decision of the Board of Directors to form the Audit... read more

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

Element ListExplanation Introduction United Wire Factories company Board of Directors is pleased to announce the results... read more

United Wire Factories Co. Announces an update on United Wire Factories Co. announces signing a Memorandum of Understanding with ALRAEDA INDUSTRIAL INVESTMENT Co.

Element ListExplanation Introduction In addition to the announcement by the United Wire Factories Company of signing... read more

CEO of Saudi Wire Union Company to CNBC Arabia: The increase in value added boosted the company’s sales and increased profit margins

The CEO of the Saudi Wire Union, Nabil Al-Amir, told CNBC Arabia that the VAT increase last year resulted in... 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 Deposit Date of Sums Resulting from Selling Fractional Stocks Following Decrease of the Company’s Capital in the Accounts of Eligible Shareholders

... read more