Lazurde achieves profit amid gold price increase

Lazurde Jewelry Company experienced a transformation in its financial performance during the second quarter of 2026, recording a low net loss of 5.2 million SAR compared to 25.8 million SAR in the same period last year, driven by improved operational performance and a global rise in gold prices. Revenues reached 887.1 million SAR, up from 659.6 million SAR, and the company posted an operational profit of 12.7 million SAR, compared to an operating loss last year. The company also noted a 21% increase in wholesale revenue and a 9% growth in e-commerce sales, with the retail sector accounting for approximately 50% of total revenues.

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