Lazurde Company for Jewelry 2023 Annual Results
Lazurde Company for Jewelry (4011) reported full year 2023 revenue of SAR 1.92B, up 14.6% from SAR 1.67B in 2022. Net profit came in at SAR 31M, down 9.7% year on year. Earnings per share were SAR 0.54. The company generated SAR 60M in operating cash flow. All figures sourced from CMA-mandated XBRL filings on the Saudi Exchange, processed by Sahm Screener.
Earnings Quality
Of every SAR 1.00 in reported net profit, SAR 1.96 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.96.
Year on Year Comparison
Revenue increased by 14.6% compared to 2022. Net profit decreased by 9.7%. Revenue grew but profit declined — suggesting margin pressure.
Financial data sourced from CMA-mandated XBRL filings published on the Saudi Exchange (Tadawul). Data processed and structured by Sahm Screener (sahmscreener.com). Updated nightly. Last updated: 2024-03-31.