Lazurde Company for Jewelry reported a net profit after Zakat and tax of SAR 22 million for 2021, against a loss of SAR 120.2 million in the year-earlier period.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 1,278.44 | 1,971.48 | 54.2 % |
| Gross Income | 182.98 | 307.75 | 68.2 % |
| Operating Income | (23.91) | 81.46 | 440.7 % |
| Net Income | (120.49) | 22.04 | 118.3 % |
| Average Shares | 50.51 | 57.50 | 13.8 % |
| EPS (Riyals) | (2.39) | 0.38 | 116.1 % |
The profit was attributed to higher operational revenue and positive cash inflow from operations as a result of the company’s transformation initiatives.
In Q4 2021, the company narrowed its net losses after Zakat and tax to SAR 4 million from SAR 33.9 million a year earlier.
Sequentially, Lazurde turned to a loss from a profit of SAR 7.9 million in Q3 2021.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 291.69 | 418.08 | 43.3 % |
| Gross Income | 43.37 | 67.80 | 56.3 % |
| Operating Income | (20.07) | 9.41 | 146.9 % |
| Net Income | (33.89) | (3.98) | 88.3 % |
| Average Shares | 50.51 | 57.50 | 13.8 % |
| EPS (Riyals) | (0.67) | (0.07) | 89.7 % |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 526.61 | 418.08 | (20.6 %) |
| Gross Income | 79.87 | 67.80 | (15.1 %) |
| Operating Income | 23.99 | 9.41 | (60.8 %) |
| Net Income | 7.85 | (3.98) | (150.7 %) |
| Average Shares | 57.50 | 57.50 | - |
| EPS (Riyals) | 0.14 | (0.07) | (150.7 %) |
Total shareholders’ equity, after minority interest, grew by 52.8% to SAR 454.2 million as of Dec. 31, 2021, from SAR 297.3 million a year earlier, due to the company’s capital increase after the rights issue was completed in June 2021 and this year’s profitability.
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}}