United Wire Factories : announces its Estimated Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )
July 21, 2022 at 12:04 pm IST
Share
Element List
Current Quarter
Similar quarter for previous year
%Change
Previous Quarter
% Change
Sales/Revenue
208.3
217.7
-4.32
298.8
-30.29
Gross Profit (Loss)
29.1
21.2
37.26
38
-23.42
Operational Profit (Loss)
18.9
16.7
13.17
28.6
-33.92
Net Profit (Loss) after Zakat and Tax
16.2
14.1
14.89
26
-37.69
Total Comprehensive Income
16.2
14.1
14.89
26
-37.69
All figures are in (Millions) Saudi Arabia, Riyals
Element List
Current Period
Similar period for previous year
%Change
Sales/Revenue
507
444.3
14.11
Gross Profit (Loss)
67.1
49.3
36.1
Operational Profit (Loss)
47.5
35.3
34.56
Net Profit (Loss) after Zakat and Tax
42.2
30.2
39.73
Total Comprehensive Income
42.2
30.2
39.73
Total Share Holders Equity (after Deducting Minority Equity)
469
452.7
3.6
Profit (Loss) per Share
1.2
0.86
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 increase in net profit for the current quarter compared to the same quarter of the previous year is due is mainly due to the increase in profit margins
despite the reverse of (the decrease charged to trade debtors as COVID-19) in the same quarter of previous year "
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is
"The reason for the decrease in net profit for the current quarter (second 2022) compared to the previous quarter of the previous year (first 2022) is mainly due to the decrease sales volume .
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 increase in net profit for the current period compared to the same period of the previous year is due to the growth in sales volume and increase in profit margins
despite the reverse of (the decrease charged for COVID-19) in the same period of previous year ."
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
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ASLAK - United Wire Factories Company JSC published this content on 21 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2022 06:33:00 UTC.
United Wire Factories Co JSC (Aslak) is a Saudi Arabia-based joint stock company that is engaged in the manufactures and marketing products related to construction and building materials sector, such as reinforcement steel bars, concrete welded mesh, block (ladder) mesh, common nails, chain link fence, barbed wires and tie-wires, as well as to the Civil Sector, such as black annealed baling wires, galvanized & polyvinyl chloride (PVC) coated cloth hangers, bed mesh, staples. The Company operates through its head office and a network of eight branches located across the Kingdom of Saudi Arabia. As of February 12, 2013, Mr. Khalid Saed Abdul Rahman Al Kanhal held 9.2%-stake in the Companyâs capital.