Financial Results : Lazurde profit jumps 21% to SAR 31.4 mln in 9M 2022; Q3 at SAR 9.2 mln

Lazurde profit jumps 21% to SAR 31.4 mln in 9M 2022; Q3 at SAR 9.2 mln

06/11/2022 Argaam Exclusive

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Lazurde Company for Jewelry reported a 21% rise in 9M 2022 net profit after Zakat and tax to SAR 31.4 million, compared to SAR 26 million in the year-ago period.



Financials (M)

Item 9m 2021 9m 2022 Change‬
Revenues 1,553.41 1,612.51 3.8 %
Gross Income 239.94 258.06 7.6 %
Operating Income 72.04 71.47 (0.8 %)
Net Income 26.02 31.42 20.8 %
Average Shares 57.50 57.50 -
Earnings Per Share before unusual items (Riyals) 0.45 0.55 20.8 %
EPS (Riyal) 0.45 0.55 20.8 %

In Q3 2022, net profit after Zakat and tax climbed 18% to SAR 9.2 million, from SAR 7.80 million in Q3 2021.



Current Quarter Comparison (M)

Compared With The
Item Q3 2021 Q3 2022 Change‬
Revenues 526.61 573.94 9.0 %
Gross Income 79.87 85.20 6.7 %
Operating Income 23.99 26.50 10.5 %
Net Income 7.85 9.20 17.2 %
Average Shares 57.50 57.50 -
Earnings Per Share before unusual items (Riyal) 0.14 0.16 17.2 %
EPS (Riyal) 0.14 0.16 17.2 %

Total shareholders’ equity, after minority interest, decreased to SAR 427.3 million as of Sept. 30, 2022, compared to SAR 460.7 million a year earlier.

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