Lazurde Company for Jewelry announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

Lazurde Company for Jewelry announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

|Element List||Current Quarter||Similar quarter for previous year||%Change||Previous Quarter||% Change|

|Sales/Revenue||545.5||496.3||9.913||365||49.452|

|Gross Profit (Loss)||93.7||79.1||18.457||66.3||41.327|

|Operational Profit (Loss)||32.1||25.1||27.888||12.8||150.781|

|Net profit (Loss)||28||11.6||141.379||-12.6||-|

|Total Comprehensive Income||-39.8||-10.7||271.962||-13.7||190.51|

|All figures are in (Millions) Saudi Arabia, Riyals|

|Element List||Current Period||Similar period for previous year||%Change|

|Total Share Holders Equity (After Deducting the Minority Equity)||320.6||378.8||-15.364|

|Profit (Loss) per Share||0.49||0.2|

|All figures are in (Millions) Saudi Arabia, Riyals|

|Element List||Percentage of the capital (%)||Amount|

|Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value||-||-|

|Accumulated Losses||-||-|

|All figures are in (Millions) Saudi Arabia, Riyals|

|Element List||Explanation|

|The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is|| In 2024, L’azurde has continued to deliver solid and steady performance since the implementation of its transformation initiatives in 2021-2024. This was reflected in achieving a net profit of SAR 28.0 million in the first quarter of 2024.

|

The following factors mainly explain the changes in group revenues in the first quarter of 2024:

1. Group total revenues, including gold metal value, were SAR 545.5 million in the first quarter of 2024, an increase of 10% compared to SAR 496.3 million in the in the same quarter of last year. It is worth noting that the Group does not make profits or losses from the value of