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

Announcement Details United Wire Factories Company Announces the Execution of a Non-Binding Agreement in connection with the Acquisition of forty percent (40.0%) of Issued Shares in Al Raeda Industrial Investment Company, in return for Issuing New Shares for the Selling Shareholders of Al Raeda Industrial Investment Company in United Wire Factories Company

Element ListExplanation Introduction With reference to United Wire Factories Company's ("ASLAK" or the "Company") announcement dated... 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 Board’s Recommendation to Decrease the Company’s Capital

Element ListExplanation Introduction United Wire Factories Co. Announces Board's Recommendation to Decrease the Company's Capital ... read more

United Wire Factories Co. Announces an update on Aslak announces the signed a non-binding memorandum of understanding (40.0%) of the shares of Al Raeda Industrial Investment Company through the issuance of new shares to the shareholders of Al Raeda Industrial Investment Company in Aslak

Element ListExplanation Introduction With reference to the announcement of United Wire Factories Co. (Aslak) on Tadawul... 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 Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change Sales/Revenue 226.6 220.4 2.813 202.8 11.735 Gross Profit (Loss) 28.1 33.5 -16.119 29.8 -5.704 Operational Profit (Loss) 18.6 17.3 7.514 19.2 -3.124 Net Profit... read more

United Wire Factories Co. announces the opening of the nomination period for the board of director’s membership

Element List Explanation Introduction United Wire Factories Co. (Aslak) is pleased to announce that it has open the nomination for Board... read more

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

Element ListCurrent YearPrevious Year%ChangeSales/Revenue 1,026.4921.311.41 Gross Profit (Loss) 107.385.225.94 Operational Profit (Loss) 67.856.420.21 Net Profit (Loss)... read more

ASLAK CEO to CNBC Arabia: After two months of decline, the demand has started to recover since the beginning of this June

The CEO of ASLAK "Nabil Al-Amir" said that the demand was negatively affected during the months of April and May... 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