BRIEF-Lazurde Jewelry FY Profit Falls

Tadawul All Shares Index +0.65%
LAZURDE +0.57%

Tadawul All Shares Index

TASI.SA

11842.55

+0.65%

LAZURDE

4011.SA

14.12

+0.57%

- 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;))

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