Riyadh – Mubasher: Lazurde Company for Jewelry achieved a net profit after Zakat and tax of SAR 26 million during the first nine months of 2021, against losses worth SAR 86.6 million in the same period last year.
Earnings per share amounted to SAR 0.54 at the end of September 2021, versus a loss per share of SAR 2 in the same period a year ago, according to the initial financial results on Monday.
Sales surged by 57% year-on-year (YoY) to SAR 1.55 billion in January-September 2021 from SAR 986.8 million.
In the third quarter (Q3) of 2021, Lazurde also turned to profits worth SAR 7.8 million, against losses worth SAR 18.8 million in Q3-20.
Revenues soared by 42% YoY to SAR 526.6 million in Q3-21 from SAR 370.8 million.
On a quarterly basis, the net profits in Q3-21 were 2.5% lower than SAR 8 million in Q2-21, while the sales increased by 10.7% from SAR 475.4 million.
