United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )

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  • United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 200.2 208.3 -3.89 227.2 -11.88
Gross Profit (Loss) 17.2 29.1 -40.89 16.4 4.88
Operational Profit (Loss) 7.5 18.9 -60.32 6 25
Net Profit (Loss) after Zakat and Tax 5.5 16.2 -66.05 4.5 22.22
Total Comprehensive Income 5.5 16.2 -66.05 4.5 22.22
All figures are in (Millions) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 427.3 507 -15.72
Gross Profit (Loss) 33.7 67.1 -49.78
Operational Profit (Loss) 13.5 47.5 -71.58
Net Profit (Loss) after Zakat and Tax 10 42.2 -76.3
Total Comprehensive Income 10 42.2 -76.3
Total Share Holders Equity (after Deducting Minority Equity) 459.5 469 -2.02
Profit (Loss) per Share 0.28 1.2
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 increase in net profit for the current quarter (second 2023) compared to the previous quarter of the current year (first 2023) to increase 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 decrease in net profit for the current period compared to the same period of the previous year is due to the decrease in sales volume 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

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