BRIEF-Lazurde Jewelry FY Profit Falls
Tadawul All Shares Index TASI.SA | 11842.55 | +0.65% |
LAZURDE 4011.SA | 14.12 | +0.57% |
March 28 (Reuters) - L'AZURDE COMPANY FOR JEWELRY 4011.SE:
FY NET PROFIT 30.8 MILLION RIYALS VERSUS 34.2 MILLION RIYALS YEAR AGO
FY SALES 1,917 MILLION RIYALS VERSUS 1,999.6 MILLION RIYALS YEAR AGO
IN KSA, FY WHOLESALE OPERATING REVENUES WERE 3.6% HIGHER THAN THE LAST YEAR
FY SAW STRONG SALES OF L’AZURDE GOLD IN TRADITIONAL GOLD SOUKS
FY SAW IN KSA, RETAIL OPERATING REVENUES WERE 4.8% HIGHER THAN LAST YEAR
FY SAW GROWTH IN LIKE-FOR-LIKE SALES OF THE EXISTING STORES AND EXTENSION OF THE STORES NETWORK
FY SAW IN EGYPT, WHOLESALE OPERATING REVENUES INCREASED BY 28% IN EGYPTIAN POUND (EGP) TERMS
FY SAW IN EGYPT, WHOLESALE OPERATING REVENUES DECLINED BY 23% WHEN TRANSLATED TO SAR DUE TO DEVALUATION OF EGP
CONTINUES TO INCREASE ITS SALES PRICES IN EGYPT GRADUALLY TO COPE WITH THE EGP DEVALUATION
Source text for Eikon: ID:nSSE91tz3X
Further company coverage: 4011.SE
((Reuters.Briefs@thomsonreuters.com;))