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Lazurde Jewelry's profits increased 151% in the second quarter compared to 219 compared to the same quarter in 2018, and earnings were up 1.63% from the prior quarter.
Preliminary data from the company on Tadawul showed Sunday that net profit had reached 12.16 million RS in the second quarter of this year, compared with 4.85 million SAR for the same period last year.
The company attributes this increase in net income to a 129% increase in retail trade turnover, a result of the combination of the newly acquired All company and the growth of retail stores.
The company said Egypt's revenues continued to show a strong performance for the seventh consecutive quarter and that the group's operating revenues continued to improve in the fifth quarter.
Net income for the first half of 2019 increased from 13.87 million SAR to 24.12 million SAR for the first half of last year.
The company's profits rose 32.47 percent in the first quarter, from 219 to 11.96 million riyals, compared to 9.03 million riyals for the same period last year.
appointments:
The prices Sabic down 68% in the second quarter
"Mbad" reduced its losses by 67% in the second quarter
The shareholders of SALAMA INSURANCE refuse to dismiss their directors
Saudi Education denies the suspension of the salary of the practicing teacher to 16,500 riyals
The Official Journal publishes the decision of "Saudi ministers" to cancel the sliced sales system
The Saudi workforce makes the decision to settle in the tourist accommodation sector
Imprisonment, fines and expulsions for these offenses in Saudi Arabia
74% completion rate Project Development of Arar Airport in Saudi Arabia
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