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

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. 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 signing a Memorandum of Understanding with ALRAEDA INDUSTRIAL INVESTMENT Co.

Element ListExplanation Introduction United Wire Factories Company Announces the signing of a Memorandum of Understanding with... read more

United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 30-09-2023 ( Nine Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 182.9264.1-30.75200.2-8.64 Gross Profit (Loss) 14.515.6-7.0517.2-15.7 Operational Profit (Loss)... 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

Addendum announcement from United Wire Factories Company regarding the announcement of the results of the extraordinary general assembly meeting (first meeting)

Element ListExplanation Introduction In addition to the company's previous announcement regarding the results of the Extraordinary... 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

The Capital Market Authority Approves United Wire Factories Company’s Request to Reduce its Capital

The CMA has issued its resolution approving United Wire Factories Company's request to reduce its capital from SAR (438,750,000) to... 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 the Deposit Date of Sums Resulting from Selling Fractional Stocks Following Decrease of the Company’s Capital in the Accounts of Eligible Shareholders

... read more