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

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

CEO of the Saudi Wire Union Company to CNBC Arabia: The company’s available infrastructure allows an increase in production capacity 30%

The CEO of the Saudi Wire Union, Nabil Al-Amir, said in an interview with CNBC Arabia that the results of... read more

United Wire Factories Co. announces its Interim Financial results for the Period Ending on 2025-03-31 ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 164.8187.2-11.965179.9-8.393 Gross Profit (Loss) 10.515.9-33.96213.8-23.913 Operational Profit (Loss)... 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

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

United Wire Factories Co. announces its Interim Financial results for the Period Ending on 2024-09-30 ( Nine Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 166182.9-9.24174.1-4.652 Gross Profit (Loss) 13.514.6-7.53414.6-7.534 Operational Profit (Loss)... read more

United Wire Factories Co. announces the distribution of cash dividend for For the period ended 2020 AD and the second 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 In reference to the announcement by United Wire Factories Company on October 24,... read more

United Wire Factories Co. announces its Interim Financial results for the Period Ending on 2025-09-30 ( Nine Months )

Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change Sales/Revenue 201.1 166 21.144 181.4 10.859 Gross Profit (Loss) 13.5 13.5 - 11.8 14.406 Operational Profit (Loss) 3 4 -25 1.5 100 Net profit... read more

Addendum Announcement from United Wire Factories Co. in regards to extending the nomination period for Board of Directors membership for the upcoming term

Element List Explanation Introduction reference to the United Wire Factories Company (Aslak) announcement dated 08-12-2024G corresponding to 07-06-1446H regarding the opening... 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. is pleased to invite the valued shareholders to... read more