Lazurde's profits decline to SAR 13 million in the first quarter of 2025.

-0.65%

LAZURDE

4011.SA

12.20

-0.65%

Riyadh - Mubasher: L'azurde Company for Jewellery's financial results revealed a 52.5% decline in net profits in the first quarter of 2025 compared to the same quarter in 2024 .

The company stated in a statement on the Saudi Stock Exchange (Tadawul) on Monday that net profit reached SAR 13.3 million in the first quarter, compared to SAR 28 million in the same quarter last year .

The decline in net profit was attributed to a drop in exceptional profits recorded by the company in the first quarter of 2024, due to foreign exchange differences amounting to approximately 20 million riyals .

The data showed a 35.6% increase in revenues, reaching SAR 721.2 million, compared to SAR 531.7 million in the same quarter last year .

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