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

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	182.9	264.1	-30.75	200.2	-8.64
Gross Profit (Loss)	14.5	15.6	-7.05	17.2	-15.7
Operational Profit (Loss)	4.2	5.3	-20.75	7.5	-44
Net Profit (Loss) after Zakat and Tax	2.2	3	-26.67	5.5	-60
Total Comprehensive Income	2.2	3	-26.67	5.5	-60
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	610.2	771.2	-20.88
Gross Profit (Loss)	48.2	82.7	-41.72
Operational Profit (Loss)	17.6	52.8	-66.67
Net Profit (Loss) after Zakat and Tax	12.1	45.3	-73.29
Total Comprehensive Income	12.1	45.3	-73.29
Total Share Holders Equity (after Deducting Minority Equity)	391.5	437	-10.41
Profit (Loss) per Share	0.36	1.29
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 net profit for the current quarter (Third 2023) compared to the previous quarter of the current year (second 2023) to the decrease in sales volume and decrease 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

United Wire Factories Co. announces the board of director’s decision to distribute cash dividends for From the profit balance up to the end of the 4th quarter of 2024 and the nine-month period of 2025

Element ListExplanation Introduction United Wire Factories Company ASLAK announces the decision of the Board of Directors... read more

United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( 6 months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 208.3217.7-4.32298.8-30.29 Gross Profit (Loss) 29.121.237.2638-23.42 Operational Profit (Loss)... read more

United Wire Factories Co. announces its Annual Financial Results for the Period Ending on 2020-12-31

Element List Current Year Previous Year %Change Sales/Revenue 777.3 724.4 7.302 Gross Profit (Loss) 113.5 61.6 84.253 Operational Profit (Loss) 72.3 32.9 119.756 Net Profit (Loss) after Zakat and Tax 62.1 22.1 180.995 Total Comprehensive Income 61.7 23.2 165.948 Total... 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 Further to the announcement of the United Wire Factories Co. on October 21,... read more

United Wire Factories Co. Announces an update on United Wire Factories Co. announces signing a Memorandum of Understanding with ALRAEDA INDUSTRIAL INVESTMENT Co.

Element ListExplanation Introduction In addition to the announcement by the United Wire Factories Company of signing... read more

United Wire Factories Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )

Element... read more

United Wire Factories Company (ASLAK) Invites Its Shareholders To Attend the 15th Ordinary General Assembly Meeting (The First Meeting)

... read more

Corrective announcement from the United Wire Factories Company regarding its previous announcement about the latest developments regarding its signing of a memorandum of understanding with A1 Fence DMCC (UAE) to acquire a share in the ownership of A1 Fence Arabian Industrial Company, which is wholly owned by A1 Fence DMCC. (Emirati)

Element ListExplanation Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website 2023-10-03... read more

United Wire Factories Co. Announces Appointment of a Financial Advisor for Capital Decrease

ELEMENT LIST EXPLANATION Introduction No English translation, kindly refer to the Arabic version Name of Financial Advisor No English translation, kindly refer to the Arabic... read more

ASLAK’s CEO Interview with CNBC Arabia regrading the process of reducing the company’s capital

https://unitedwires.com.sa/wp-content/uploads/2023/08/CNBC03082023.mp4 read more