United Wire Factories Co. (Aslak) reported a net profit of SAR 10 million in H1 2023, a decline of 76% from SAR 42.2 million in the year-earlier period on lower sales volume and profit margins.
| Item | 6m 2022 | 6m 2023 | Change |
|---|---|---|---|
| Revenues | 507.05 | 427.35 | (15.7 %) |
| Gross Income | 67.10 | 33.66 | (49.8 %) |
| Operating Income | 47.46 | 13.48 | (71.6 %) |
| Net Income | 42.21 | 9.98 | (76.4 %) |
| Average Shares | 28.08 | 28.08 | - |
| EPS (Riyals) | 1.50 | 0.36 | (76.4 %) |
The company reported a net profit of SAR 5.50 million in Q2 2023, down 66% from SAR 16.19 million a year earlier.
On a quarterly basis, Q2 net earnings grew from SAR 4.52 million, on higher profit margins.
| Item | Q2 2022 | Q2 2023 | Change |
|---|---|---|---|
| Revenues | 208.26 | 200.19 | (3.9 %) |
| Gross Income | 29.07 | 17.23 | (40.7 %) |
| Operating Income | 18.89 | 7.51 | (60.2 %) |
| Net Income | 16.19 | 5.46 | (66.3 %) |
| Average Shares | 28.08 | 28.08 | - |
| EPS (Riyals) | 0.58 | 0.19 | (66.3 %) |
| Item | Q1 2023 | Q2 2023 | Change |
|---|---|---|---|
| Revenues | 227.20 | 200.19 | (11.9 %) |
| Gross Income | 16.40 | 17.23 | 5.1 % |
| Operating Income | 6.00 | 7.51 | 25.2 % |
| Net Income | 4.50 | 5.46 | 21.4 % |
| Average Shares | 28.08 | 28.08 | - |
| EPS (Riyals) | 0.16 | 0.19 | 21.4 % |
Total shareholders’ equity, excluding minority interest, stood at SAR 459.5 million as of June 30, 2023, compared to SAR 469.1 million in the prior-year period.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}