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Thank you for reading the news on the increase in operating profit, which increased EZurde's profits by 151% in the second quarter and now with details.
Dubai – Bazam Rashed – Forex News The commercial data of Lazurde Jewelery, announced Sunday, showed a 150.9% increase in their profits in the second quarter ended June 30, 2019.
The company reported net income of SAR 12.2 million, compared to a profit of 4.8 million NAS in the corresponding quarter of 2018.
The Company attributed the second quarter earnings increase to an operating profit increase of 132.8 million SAR in the second quarter of 2019, an increase of 43.1% over the same quarter of last year, with a result operating cost of 92.8 million SAR.
According to the statement, the operating profit of the Kingdom's wholesale sector grew by 8.8% compared to the same quarter of last year, thanks to the success of the new groups and the promotion of celebrities. Retail revenues increased 129.0% as a result of the combination of the newly acquired All brand and the growth of Lazurde retail stores.
Egypt's revenues also continued to post a solid performance for the seventh consecutive quarter, registering a 20.1% growth in wholesale trade, thanks to the success of the advertising campaign and the ## 148 ## 39, attracting customers to the new product line. In addition, Egypt's retail revenues increased 64.4% compared to the same quarter last year, with the opening of seven new stores in the last 12 months.
During the same period, the company reported net income of 24.1 million riyals in the first half of this year, compared with 13.9 million riyals in the same period of 2018.
The company reported net income of SAR 12 million in the first quarter of this year, compared to SAR 9 million in the corresponding quarter of 2018.
The detail of the increase in operating revenues increased by 151% during the second quarter of this day. Please inform us by providing all the details and all the necessary information. To follow all our news, you can subscribe to our alerts or to one of our different systems to provide you with all the news.
It should also be noted that the original information was published and published on Forex news today and confirmed by the Gulf 365 editorial team. They may have been changed and may have been fully transferred or cited. You can read and follow information about the source.
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