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	-
EPS (Riyals)	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	-
EPS (Riyals)	0.14	0.16	17.2 %

Item	Q2 2022	Q3 2022	Change‬
Revenues	424.05	573.94	35.3 %
Gross Income	73.70	85.20	15.6 %
Operating Income	14.91	26.50	77.7 %
Net Income	8.51	9.20	8.1 %
Average Shares	57.50	57.50	-
EPS (Riyals)	0.15	0.16	8.1 %

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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