Data News > Lazurde Company Reports Impressive 141% Surge in Q1-24 Profits
Lazurde Company Reports Impressive 141% Surge in Q1-24 Profits
By KlickAnalytics Data Insights | May 16, 2024 11:01AM ET
- Lazurde Company for Jewelry's net profits soared by 141.37% YoY to SAR 28 million in Q1-24
- Revenues rose by 9.91% YoY to SAR 545.50 million in the same period
- Earnings per share (EPS) reached SAR 0.49 in Q1-24, up from SAR 0.20 in Q1-23
Lazurde Company for Jewelry has reported a remarkable 141.37% year-on-year increase in net profits, reaching SAR 28 million in the first quarter of 2024. With revenues also growing by 9.91% to SAR 545.50 million, the company's performance has shown significant improvement compared to the same period last year. The earnings per share (EPS) jumped to SAR 0.49 in Q1-24, indicating a strong financial position for the jewelry company. Additionally, Lazurde successfully turned its Q4-23 loss into profitability in Q1-24, marking a positive shift in its financial performance.
- Revenues rose by 9.91% YoY to SAR 545.50 million in the same period
- Earnings per share (EPS) reached SAR 0.49 in Q1-24, up from SAR 0.20 in Q1-23
Lazurde Company for Jewelry has reported a remarkable 141.37% year-on-year increase in net profits, reaching SAR 28 million in the first quarter of 2024. With revenues also growing by 9.91% to SAR 545.50 million, the company's performance has shown significant improvement compared to the same period last year. The earnings per share (EPS) jumped to SAR 0.49 in Q1-24, indicating a strong financial position for the jewelry company. Additionally, Lazurde successfully turned its Q4-23 loss into profitability in Q1-24, marking a positive shift in its financial performance.
Disclaimer: the above is a summary showing certain market information. KlickAnalytics is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from various resources and more. Communications displaying market prices, data and other information available in this post are meant for purely for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.