Riyadh- Mubasher: Saudi Arabian gold and jewellery maker L'azurde’s profits rose 24.3% to SAR 51.28 million in the first quarter of 2016 from SAR 41.24 million in the prior-year period.
Revenues retreated 5.8% to reach SAR 883.55 million in Q1-16, compared to SAR 937.68 million in Q1-15, according to the company’s financial statements.
Expenses reached SAR 766 million in Q1-16, a decline of 7.2% from SAR 825.8 million in the same quarter of the previous year.
Other revenues hiked 121% to reach SAR 13.56 million in Q1-16, compared to SAR 6.13 million in Q1-15.
