Lazurde Company for Jewelry reported a net profit after Zakat and tax of SAR 22.2 million in H1 2022, up 22% compared to SAR 18.2 million in the year-ago period.
| Item | 6m 2021 | 6m 2022 | Change |
|---|---|---|---|
| Revenues | 1,026.80 | 1,038.57 | 1.1 % |
| Gross Income | 160.07 | 172.87 | 8.0 % |
| Operating Income | 48.05 | 44.97 | (6.4 %) |
| Net Income | 18.17 | 22.22 | 22.3 % |
| Average Shares | 57.50 | 57.50 | - |
| EPS (Riyals) | 0.32 | 0.39 | 22.3 % |
The profit increase was driven by total revenue that grew by 1.1% year-on-year (YoY), while operating revenue rose 3.3% YoY.
The jewelry firm’s Q2 2022 net profit after Zakat and tax reached SAR 8.5 million, a rise of 6% compared to SAR 8 million in Q2 2021, due to higher operating revenue. Meanwhile, total group revenue fell 3.6% YoY.
| Item | Q2 2021 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 475.40 | 424.05 | (10.8 %) |
| Gross Income | 75.48 | 73.70 | (2.4 %) |
| Operating Income | 20.17 | 14.91 | (26.1 %) |
| Net Income | 8.00 | 8.51 | 6.3 % |
| Average Shares | 57.50 | 57.50 | - |
| EPS (Riyals) | 0.14 | 0.15 | 6.3 % |
| Item | Q1 2022 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 614.52 | 424.05 | (31.0 %) |
| Gross Income | 99.17 | 73.70 | (25.7 %) |
| Operating Income | 30.06 | 14.91 | (50.4 %) |
| Net Income | 13.71 | 8.51 | (38.0 %) |
| Average Shares | 57.50 | 57.50 | - |
| EPS (Riyals) | 0.24 | 0.15 | (38.0 %) |
On a sequential basis, Q2 net profit declined 38% from SAR 13.7 million.
Total shareholders’ equity, after minority interest, reached SAR 426.7 million as of June 30, 2022, falling 5.9% compared with SAR 453.2 million a year earlier.
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}}