Riyadh – Mubasher: Lazurde Company for Jewelry has achieved a year-on-year (YoY) rise of 20.77% in its net profit after Zakat and tax during the first nine months (9M) of 2022 at SAR 31.40 million, compared to SAR 26 million.
Earnings per share (EPS) for 9M-22 stood at SAR 0.55, compared to SAR 0.54 in 9M-21, according to a bourse filing on Sunday.
Revenues of the Tadawul-listed company hiked by 3.80% YoY to SAR 1.61 billion during the January-September 2022 period, compared to SAR 1.55 billion.
During this year’s third quarter (Q3), the company reported higher annual net earnings by 17.95% to SAR 9.20 million, compared with SAR 7.80 million.
Likewise, the firm’s revenues grew by 8.98% YoY in Q3-22 to SAR 573.90 million, compared to SAR 526.60 million in Q3-22.
During the first half (H1) of 2022, Lazurde posted a 21.98% growth in net profit after Zakat and tax to SAR 22.20 million, compared to SAR 18.20 million in H1-21.
Revenues levelled up by 1.15% YoY to SAR 1.03 billion in the first six months (6M) of 2022, versus SAR 1.02 billion
