United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months ) - United Wire Factories Company

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	227.2	298.8	-23.96	255.2	-10.97
Gross Profit (Loss)	16.4	38	-56.84	24.6	-33.33
Operational Profit (Loss)	6	28.6	-79.02	14.4	-58.33
Net Profit (Loss) after Zakat and Tax	4.5	26	-82.69	11.4	-60.53
Total Comprehensive Income	4.5	26	-82.69	11.4	-60.53
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	454.1	452.9	0.26
Profit (Loss) per Share	0.13	0.74
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 to the decrease in sales volume and decrease in profit margins
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 the net profit for the current quarter (first 2023) compared to the previous quarter of the previous year (fourth 2022) is due to the decrease in sales and decrease in profit margins.
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 Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 185.7160.215.917217.7-14.699 Gross Profit (Loss) 16.928.3-40.28221.2-20.283 Operational Profit (Loss)... read more

United Wire Factories Co. announces its Annual 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

The United Wire Factories Co. announces the latest developments regarding its previous announcement of signing a memorandum of understanding with A-1 Fence DMCC (UAE)

Element ListExplanation Introduction Further to the announcement of the United Wire Factories Co. (the “Company”) that... read more

United Wire Factories Company (ASLAK) Invites Its Shareholders To Attend the 15th Ordinary General Assembly Meeting (The First Meeting)

... 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 Company announces the starting date of electronic voting on the 17th Extraordinary General Assembly meeting agenda (First Meeting) through means of modern technology

Element ListExplanationAnnouncement Detail United Wire Factories Company is pleased to announce to its esteemed shareholders the date of... 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 Board’s Recommendation to Decrease the Company’s Capital

ELEMENT LIST EXPLANATION Date of Board Meeting 2020-01-13 Corresponding to 1441-05-18 Capital before decrease No English translation, kindly refer to the Arabic version Capital after decrease No... 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 Calling Candidature for Board Members Elections for the 5th session

Element ListExplanationIntroductionUnited Wire Factories Co (Aslak) Announces Calling Candidature for Board Members Elections for the next (fifth) session and for... read more