United Wire Factories Co. announces its Interim Financial results for the Period Ending on 2024-03-31 (Three Months) - United Wire Factories Company

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	187.2	227.2	-17.605	182.5	2.575
Gross Profit (Loss)	15.9	16.4	-3.048	16	-0.624
Operational Profit (Loss)	7.8	6	30	8.6	-9.302
Net profit (Loss)	6.1	4.5	35.555	8.3	-26.506
Total Comprehensive Income	6.1	4.5	35.555	8.6	-29.069
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (After Deducting the Minority Equity)	378	454.1	-16.758
Profit (Loss) per Share	0.22	0.13
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Percentage of the capital (%)	Amount
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	–	–
Accumulated Losses	–	–
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	The reason for the decrease in sales for the current quarter (2024 AD) compared to the same quarter of the previous year (2023 AD ) to the decrease in Sales volume
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 increase in net profit for the current quarter(2024) compared to the same quarter of the previous year(2023) is due to the increase in profit margins and increase in the profit of investment.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The reason for the increase in sales for the current quarter (2024 AD) compared to the previous quarter (2023 AD ) to the increase in sales volume.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The reason for the decrease in the net profit for the current quarter (first 2024) compared to the previous quarter of the previous year (fourth 2023) is due to the Increase zakat expense.
Statement of the type of external auditor’s report	Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	No comment
Reclassification of Comparison Items	“Certain comparative figures for the same period of the previous year have been reclassified to conform to the classification of the current period.
Additional Information	No comment

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