Lazurde widens losses to SAR 120.5 million in 2020

Lazurde widens losses to SAR 120.5 million in 2020

31/03/2021 Argaam Exclusive

View other reports

Lazurde Company for Jewelry widened net loss after Zakat and tax to SAR 120.5 million in 2020, from a net loss after Zakat and Tax of SAR 17.5 million in 2019.

 

The company attributed the increase in losses to lower revenues impacted by complete and partial closure of gold markets and malls due to COVID-19, in addition to the tripling of value-added tax (VAT) to 15% in Saudi Arabia from July 2020 and a sharp increase in gold price.



Financials (M)

Item 2019 2020 Change‬
Revenues 1,976.41 1,278.44 (35.3 %)
Gross Income 287.81 182.98 (36.4 %)
Operating Income 64.50 (23.91) (137.1 %)
Net Income (17.55) (120.49) (586.6 %)
Average Shares 50.51 50.51 -
EPS (Riyals) (0.35) (2.39) (586.6 %)

However, the company narrowed net loss after Zakat and tax to SAR 33.9 million in Q4 2020, from SAR 41.9 million in the year-earlier period. 



Current Quarter Comparison (M)

Compared With The
Item Q4 2019 Q4 2020 Change‬
Revenues 282.89 291.69 3.1 %
Gross Income 45.48 43.37 (4.6 %)
Operating Income (7.12) (20.07) (181.8 %)
Net Income (41.90) (33.89) 19.1 %
Average Shares 50.51 50.51 -
EPS (Riyals) (0.83) (0.67) 19.1 %


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2011 - - - - - -
Q2 2011 - - - - - -
Q3 2011 - - - - - -
Q4 2011 - - - - - -
Q1 2012 - - - - - -
Q2 2012 - - - - - -
Q3 2012 - - - - - -
Q4 2012 - - - - - -
Q1 2013 - - - - - -
Q2 2013 - - - - - -
Q3 2013 - - - - - -
Q4 2013 - - - - - -
Q1 2014 - - - - - -
Q2 2014 - - - - - -
Q3 2014 - - - - - -
Q4 2014 - - - - - -
Q1 2015 937.68 - 111.85 - 52.19 -
Q2 2015 764.54 - 87.77 - 35.58 -
Q3 2015 671.13 - 83.84 - 33.46 -
Q4 2015 440.85 - 55.87 - 28.25 -
Q1 2016 883.55 (5.8 %) 117.33 4.9 % 52.88 1.3 %
Q2 2016 552.19 (27.8 %) 40.49 (53.9 %) 5.11 (85.6 %)
Q3 2016 406.33 (39.5 %) 73.89 (11.9 %) 39.77 18.9 %
Q4 2016 176.24 (60.0 %) 12.84 (77.0 %) (29.76) (205.4 %)
Q1 2017 604.69 (31.6 %) 74.15 (36.8 %) 34.82 (34.2 %)
Q2 2017 411.84 (25.4 %) 51.63 27.5 % 15.73 207.7 %
Q3 2017 399.91 (1.6 %) 44.94 (39.2 %) 10.73 (73.0 %)
Q4 2017 336.07 90.7 % 46.76 264.2 % 13.99 147.0 %
Q1 2018 554.63 (8.3 %) 68.46 (7.7 %) 23.04 (33.8 %)
Q2 2018 460.75 11.9 % 55.98 8.4 % 17.36 10.4 %
Q3 2018 481.13 20.3 % 58.76 30.8 % 15.78 47.0 %
Q4 2018 415.85 23.7 % 60.87 30.2 % 13.75 (1.7 %)
Q1 2019 673.53 21.4 % 95.97 40.2 % 30.39 31.9 %
Q2 2019 533.76 15.8 % 80.79 44.3 % 28.05 61.6 %
Q3 2019 486.23 1.1 % 65.57 11.6 % 13.18 (16.4 %)
Q4 2019 282.89 (32.0 %) 45.48 (25.3 %) (7.12) (151.8 %)
Q1 2020 444.99 (33.9 %) 70.57 (26.5 %) 12.42 (59.1 %)
Q2 2020 170.92 (68.0 %) 21.11 (73.9 %) (16.15) (157.6 %)
Q3 2020 370.84 (23.7 %) 47.93 (26.9 %) (0.11) (100.8 %)
Q4 2020 291.69 3.1 % 43.37 (4.6 %) (20.07) (181.8 %)
2020 1,278.44 (35.3 %) 182.98 (36.4 %) (23.91) (137.1 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2011 - - - - - -
Q2 2011 - - - - - -
Q3 2011 - - - - - -
Q4 2011 - - - - - -
Q1 2012 - - - - - -
Q2 2012 - - - - - -
Q3 2012 - - - - - -
Q4 2012 - - - - - -
Q1 2013 - - - - - -
Q2 2013 - - - - - -
Q3 2013 - - - - - -
Q4 2013 - - - - - -
Q1 2014 - - - - - -
Q2 2014 - - - - - -
Q3 2014 - - - - - -
Q4 2014 - - - - - -
Q1 2015 41.25 - 0.82 - 41.25 0.82
Q2 2015 22.50 - 0.45 - 22.50 0.45
Q3 2015 24.98 - 0.49 - 24.98 0.49
Q4 2015 11.84 - 0.23 - 11.84 0.23
Q1 2016 51.01 23.7 % 1.01 - 51.01 1.01
Q2 2016 (7.04) (131.3 %) (0.14) - (7.04) (0.14)
Q3 2016 28.75 15.1 % 0.57 - 28.75 0.57
Q4 2016 (0.77) (106.5 %) (0.02) 44.22 (44.98) (0.89)
Q1 2017 21.99 (56.9 %) 0.44 - 21.99 0.44
Q2 2017 6.42 191.3 % 0.13 - 6.42 0.13
Q3 2017 0.50 (98.3 %) 0.01 - 0.50 0.01
Q4 2017 2.63 443.3 % 0.05 - 2.63 0.05
Q1 2018 9.03 (58.9 %) 0.18 - 9.03 0.18
Q2 2018 4.85 (24.6 %) 0.10 - 4.85 0.10
Q3 2018 3.70 637.5 % 0.07 - 3.70 0.07
Q4 2018 0.09 (96.6 %) 0.00 - 0.09 0.00
Q1 2019 11.96 32.5 % 0.24 - 11.96 0.24
Q2 2019 12.16 150.9 % 0.24 - 12.16 0.24
Q3 2019 0.24 (93.7 %) 0.00 - 0.24 0.00
Q4 2019 (41.90) (46654.4 %) (0.83) (17.77) (24.13) (0.48)
Q1 2020 (1.61) (113.5 %) (0.03) - (1.61) (0.03)
Q2 2020 (66.17) (644.4 %) (1.31) (34.69) (31.48) (0.62)
Q3 2020 (18.82) (8107.2 %) (0.37) - (18.82) (0.37)
Q4 2020 (33.89) 19.1 % (0.67) - (33.89) (0.67)
2020 (120.49) (586.6 %) (2.39) (34.69) (85.80) (1.70)

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 12.06 % 5.66 % 3.57 %
Q1 2016 12.49 % 5.81 % 4.00 %
Q2 2016 11.68 % 5.11 % 3.17 %
Q3 2016 12.60 % 5.99 % 3.70 %
Q4 2016 12.12 % 3.89 % 1.37 %
Q1 2017 11.58 % 3.48 % (0.07 %)
Q2 2017 13.29 % 4.43 % 0.76 %
Q3 2017 11.53 % 2.60 % (1.01 %)
Q4 2017 12.41 % 4.87 % 1.80 %
Q1 2018 12.44 % 4.33 % 1.09 %
Q2 2018 12.34 % 4.32 % 0.97 %
Q3 2018 12.55 % 4.42 % 1.10 %
Q4 2018 12.76 % 4.27 % 0.92 %
Q1 2019 13.37 % 4.77 % 1.01 %
Q2 2019 14.09 % 5.50 % 1.33 %
Q3 2019 14.37 % 5.75 % 1.16 %
Q4 2019 14.56 % 5.53 % 0.01 %
Q1 2020 15.01 % 5.26 % (0.76 %)
Q2 2020 14.64 % 3.47 % (4.11 %)
Q3 2020 14.58 % 2.76 % (5.99 %)
Q4 2020 14.31 % 1.65 % (6.71 %)
2020 14.31 % 1.65 % (6.71 %)


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2011 - - - -
Q2 2011 - - - -
Q3 2011 - - - -
Q4 2011 - - - 6.93
Q1 2012 - - - -
Q2 2012 - - - -
Q3 2012 - - - -
Q4 2012 - - - 7.88
Q1 2013 - - - -
Q2 2013 - - - -
Q3 2013 - - - -
Q4 2013 - - - 9.23
Q1 2014 - - - -
Q2 2014 - - - -
Q3 2014 - - - -
Q4 2014 - - - 9.57
Q1 2015 50.51 - - 10.13
Q2 2015 50.51 - - 9.73
Q3 2015 50.51 - - 10.12
Q4 2015 50.51 1.99 1.99 9.72
Q1 2016 50.51 2.18 2.18 9.62
Q2 2016 50.51 1.60 1.60 9.48
Q3 2016 50.51 1.67 1.67 10.07
Q4 2016 50.51 1.42 0.55 7.97
Q1 2017 50.51 0.85 (0.03) 8.35
Q2 2017 50.51 1.12 0.24 8.03
Q3 2017 50.51 0.56 (0.32) 8.02
Q4 2017 50.51 0.62 0.62 8.05
Q1 2018 50.51 0.37 0.37 8.30
Q2 2018 50.51 0.34 0.34 8.37
Q3 2018 50.51 0.40 0.40 8.45
Q4 2018 50.51 0.35 0.35 8.44
Q1 2019 50.51 0.41 0.41 8.73
Q2 2019 50.51 0.55 0.55 9.04
Q3 2019 50.51 0.48 0.48 9.08
Q4 2019 50.51 (0.35) 0.00 8.28
Q1 2020 50.51 (0.62) (0.26) 8.28
Q2 2020 50.51 (2.17) (1.13) 6.88
Q3 2020 50.51 (2.54) (1.51) 6.58
Q4 2020 50.51 (2.39) (1.70) 5.89

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2011 - - -
Q2 2011 - - -
Q3 2011 - - -
Q4 2011 - - -
Q1 2012 - - -
Q2 2012 - - -
Q3 2012 - - -
Q4 2012 - - -
Q1 2013 - - -
Q2 2013 - - -
Q3 2013 - - -
Q4 2013 - - -
Q1 2014 - - -
Q2 2014 - - -
Q3 2014 - - -
Q4 2014 - - -
Q1 2015 - - -
Q2 2015 - - -
Q3 2015 - - -
Q4 2015 - - -
Q1 2016 - - -
Q2 2016 22.70 22.70 3.83
Q3 2016 12.15 12.15 2.02
Q4 2016 14.72 38.19 2.63
Q1 2017 28.62 NEG 2.91
Q2 2017 19.72 91.32 2.74
Q3 2017 38.64 NEG 2.69
Q4 2017 28.54 28.54 2.21
Q1 2018 46.62 46.62 2.07
Q2 2018 52.73 52.73 2.12
Q3 2018 40.46 40.46 1.92
Q4 2018 44.33 44.33 1.84
Q1 2019 38.83 38.83 1.81
Q2 2019 27.01 27.01 1.65
Q3 2019 31.64 31.64 1.69
Q4 2019 NEG More than 100 1.99
Q1 2020 NEG NEG 1.26
Q2 2020 NEG NEG 1.77
Q3 2020 NEG NEG 3.18
Q4 2020 NEG NEG 3.33

Business Segments (Million)

Compared With The
Period Wholesale sector Retail sector
Q3 2014 607.97 15.45
Q4 2014 467.30 15.74
Q1 2015 914.24 23.44
Q2 2015 743.57 20.98
Q3 2015 649.49 21.63
Q4 2015 422.71 18.14
Q1 2016 857.85 25.70
Q2 2016 531.37 20.82
Q3 2016 390.73 15.60
Q4 2016 155.77 20.48
Q1 2017 573.29 31.40
Q2 2017 387.78 24.06
Q3 2017 374.26 25.65
Q4 2017 302.53 33.54
Q1 2018 516.41 38.22
Q2 2018 433.24 27.52
Q3 2018 450.60 30.53
Q4 2018 374.45 41.39
Q1 2019 613.94 59.59
Q2 2019 475.32 58.44
Q3 2019 438.25 47.98
Q4 2019 234.62 48.27
Q1 2020 398.12 46.87
Q2 2020 147.19 23.73
Q3 2020 320.61 50.24
Q4 2020 237.35 54.34


Financial Ratios
Current
Market Cap (M Riyal) 770.50
Enterprise Value (EV) (M) 2,026.85
Shares Outstanding ((M)) 57.50
EPS ( Riyal) (TTM) 0.21
Book Value (BV) ( Riyal) 5.24
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
P/E (TTM) More than 100
Price/book 2.56
Return on Average Assets (%) (TTM) 0.7
Return on Average Equity (%) (TTM) 3.6
more

Share Price

Lazurde Company for Jewelry
13.40
(0.06) (0.45 %)

Lazurde Company for Jewelry (LAZURDE)

More

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.