United Wire Factories announces its Interim Financial Results for the Period Ending on 2022-03-31 (Three Months)
· Issued by United Wire Factories Co.
Element List
Current Quarter
Similar quarter for previous year
%Change
Previous Quarter
% Change
Sales/Revenue
298.8
226.6
31.862
291.3
2.574
Gross Profit (Loss)
38
28.1
35.231
19.5
94.871
Operational Profit (Loss)
28.6
18.6
53.763
10.6
169.811
Net Profit (Loss) after Zakat and Tax
26
16.1
61.49
7.9
229.113
Total Comprehensive Income
26
16.1
61.49
7.9
229.113
All figures are in (Millions) Saudi Arabia, Riyals
Element List
Current Period
Similar period for previous year
%Change
Total Share Holders Equity (after Deducting Minority Equity)
452.9
438.6
3.26
Profit (Loss) per Share
0.74
0.46
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 to the growth in sales volume despite the increase in selling and general expenses and the decrease in expenses charged to trade debtors
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 increase in net profit for the current quarter (first 2022) compared to the previous quarter (fourth 2021) is mainly due to the increase 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
