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

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

Related Posts

The CEO of the Saudi Wire Union, Nabil Al-Amir, told CNBC Arabia: The increase in profits for the first half of 2022 is due to the growth in sales volumes and high profit margins

https://www.cnbcarabia.com/videos_pickup/aslak_video.mp4 In an interview with CNBC Arabia, CEO of the Saudi Wire Union, Nabil Al-Amir, indicated that the reasons behind the... read more

Supplementary Announcement from United Wire Factories Company Regarding an Attachment to the General Assembly Announcement.

Element List Explanation Introduction The announcement inviting shareholders to attend the Ordinary General Assembly Meeting did not include the Audit Committee... read more

United Wire Factories Co. Announces the end of the creditors’ objection period.

Element ListExplanationAnnouncement Detail Concerning the announcement of United Wire Factories Co. On Thursday, 18 May 2023, published... read more

United Wire Factories Co. Invites Its Shareholders to Attend the Extraordinary General Assembly Meeting the Sixteenth (First Meeting) Through Means of Modern Technology

... 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 the Start of the Creditors’ Objection Period Related to the Company’s Capital Reduction (that exceeds the Company’s need)

... read more

United Wire Factories Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting

Element List Explanation Introduction The Board of Directors of United Wire Factories Company is pleased to invite its shareholders to attend... read more

Announcement Details United Wire Factories Co. announces its Interim Financial results for the Period Ending on 2024-06-30 ( Six Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 174.1200.2-13.036187.2-6.997 Gross Profit (Loss) 14.617.3-15.60615.9-8.176 Operational Profit (Loss)... 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

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