Aslak Q1 2023 profit falls 83% to SAR 4.5 mln

11/05/2023 Argaam Exclusive

United Wire Factories Co. (Aslak) reported a net profit of SAR 4.5 million for Q1 2023, a drop of 83% from SAR 26 million in the same period last year.



Current Quarter Comparison (M)

Compared With The
Item Q1 2022 Q1 2023 Change‬
Revenues 298.79 227.16 (24.0 %)
Gross Income 38.03 16.48 (56.7 %)
Operating Income 28.58 6.02 (78.9 %)
Net Income 26.02 4.51 (82.7 %)
Average Shares 28.08 28.08 -
EPS (Riyals) 0.93 0.16 (82.7 %)

The earnings decline was due to low sales volume and profit margins.

 

When compared to Q4 2022, the first-quarter net profit fell 60.6% from SAR 11.42 million.

 

Shareholders’ equity, after minority interest, amounted to SAR 454.1 million by the end of Q1 2023, compared to SAR 452.9 million in the year-ago period.

View More Financial Results

 

View other reports

Share Price

United Wire Factories Co.
28.20
(0.50) (1.74 %)

United Wire Factories Co. (ASLAK)

More


Financial Ratios
Current
Market Cap (M Riyal) 791.86
Enterprise Value (EV) (M) 744.06
Shares Outstanding ((M)) 28.08
EPS ( Riyal) (TTM) 0.80
Book Value (BV) ( Riyal) 13.75
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 35.10
P/E (TTM) 35.10
Price/book 2.05
Return on Average Assets (%) (TTM) 4.7
Return on Average Equity (%) (TTM) 5.8
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request