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

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 Deposit Date of Sums Resulting from Selling Fractional Stocks Following Decrease of the Company’s Capital in the Accounts of Eligible Shareholders

... read more

CEO of the Saudi Wire Union Company to CNBC Arabia: The company’s available infrastructure allows an increase in production capacity 30%

The CEO of the Saudi Wire Union, Nabil Al-Amir, said in an interview with CNBC Arabia that the results of... read more

United Wire Factories Co. announces an updates on Aslak announcement of signing of a non-binding memorandum of understanding with Al Raeda Industrial Investment Company

Element ListExplanation Introduction With reference to the announcement of United Wire Factories Co. (Aslak) on Tadawul... 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 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 24,... read more

United Wire Factories Co. Announces Board’s Recommendation to Decrease the Company’s Capital

ELEMENT LIST EXPLANATION Date of Board Meeting 2020-01-13 Corresponding to 1441-05-18 Capital before decrease No English translation, kindly refer to the Arabic version Capital after decrease No... read more

The United Wire Factories Co. announces the latest developments regarding its previous announcement of signing a memorandum of understanding with A-1 Fence DMCC (UAE) for the possible acquisition of a stake in the ownership of A-1 Fence Arabia Company for Industry (a foreign limited company)

Element ListExplanation Introduction Further to the announcement by the United Wire Factories Co. of signing a... read more

United Wire Factories Co. Announces the Submission of the Decrease of the Company’s Capital Application File to CMA

ELEMENT LIST EXPLANATION Introduction No English translation, kindly refer to the Arabic version Date of Submitting the Application File to CMA 2020-03-10 Corresponding to 1441-07-15 Application... 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