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.
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