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 its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change Sales/Revenue 226.6 220.4 2.813 202.8 11.735 Gross Profit (Loss) 28.1 33.5 -16.119 29.8 -5.704 Operational Profit (Loss) 18.6 17.3 7.514 19.2 -3.124 Net Profit... read more

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

Element ListExplanation Introduction United Wire Factories Co. Board of Directors is pleased to announce the results... read more

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

Element... 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 Company announces the distribution of cash dividends to shareholders for the second half of the year 2022 AD and for the period until the end of the third quarter 2023 AD

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

United Wire Factories Company announces the starting date of electronic voting on the 17th Extraordinary General Assembly meeting agenda (First Meeting) through means of modern technology

Element ListExplanationAnnouncement Detail United Wire Factories Company is pleased to announce to its esteemed shareholders the date of... read more

Addendum Announcement from United Wire Factories Co. in regards to the 15th general assembly ( ordinary ) first meeting

Element ListExplanation Introduction Further to the announcement of the United Wire Factories Company on 23/08/1444... read more

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

Element List Explanation Introduction United Wire Factories company Board of Directors is pleased to announce the results of the14th Ordinary General... read more

United Wire Factories Co. announces its Annual Financial results for the period ending on 2023-12-31

Element ListCurrent YearPrevious Year%ChangeSales/Revenue 792.81,026.4-22.76 Gross Profit (Loss) 64.1107.3-40.26 Operational Profit (Loss) 26.267.2-61.01 Net profit (Loss)... read more

United Wire Factories Co. Announces to its Shareholders the Starting Date of the Electronic Voting on the Agenda of the Ordinary General Assembly Meeting (first meeting and the second Meeting after one hour from the first meeting)

Element ListExplanationAnnouncement Detail Reference to the announcement of United Wire Factories Co. (Aslak) on the Saudi Exchange (Tadawul)... read more